Private capital asset manager Pollen Street Capital has agreed to acquire European SaaS provider Keylane Group from Waterland Private Equity.
The transaction is expected to be completed by autumn 2024.
Pollen Street plans to support Keylane’s organic growth and further accretive M&A, as well as the ongoing development of Keylane’s proprietary technologies.
Keylane is headquartered in Utrecht, the Netherlands, providing services to more than 225 customers in the insurance and pension industry across the Netherlands, Belgium, Germany, Denmark, Norway and Switzerland.
James Bailey, Investment Director at Pollen Street, commented: “Keylane is the standout Northern European software vendor to insurers. We have followed Keylane closely for a number of years and admired its rapid growth and deployment of its advanced SaaS technology platforms into the European insurance ecosystem. Keylane has led the digital transformation of the P&C and life & pensions insurance sectors across the Benelux, Nordic and DACH regions.”
Pollen Street Capital was established in 2013 and invests in technology, business and financial services. The firm was originally based in the UK but now operates globally, employing more than 80 professionals in its London and Austin offices.
