Change of ownership Keylane

Utrecht – Pollen Street has signed an agreement to acquire all shares in Keylane Group B.V. (Keylane) from Waterland Private Equity. This strategic transaction is an important milestone in Keylane’s successful growth and innovation journey within the insurance and pensions SaaS market in Europe.

Strengthened capabilities and innovation

Pollen Street’s investment and value creation strategy will reinforce and enhance Keylane’s reputation as Northern Europe’s leading SaaS provider of core insurance software. Together with Keylane’s leading team, Pollen Street plans to accelerate the group’s strong organic growth and pursue further accretive M&A, and to support the ongoing development of Keylane’s proprietary technologies. This transaction will also further elevate Keylane’s position as the employer of choice for the best IT, pensions and insurance talent in the region.

Pollen Street and Keylane: a strong match

With extensive experience in supporting specialist technology and services companies in the financial services industry across Europe, Pollen Street has a strong understanding of the dynamics and opportunities in the markets Keylane operates within. Leon de Looff and Bart van der Mark, CEOs of Keylane Life & Pension and Keylane Property & Casualty are looking forward to working with Pollen Street:  “We are very excited about the new opportunities to continue Keylane’s growth. Pollen Street allows us to further invest in new technologies and innovation. We look forward to delivering the best SaaS solutions to further develop the pension and insurance industry in the coming years.”

Thanks to Keylane’s market-leading position and growth opportunities in Europe, Pollen Street sees great opportunities in acquiring the group.  “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. We look forward to partnering with the Keylane team to accelerate growth and create a pan-European industry leader.”, said James Bailey at Pollen Street.

About Keylane

As a leading European provider of robust, configurable and customer-centric SaaS platforms for the insurance and pension industry, Keylane provides solutions that optimise current business processes, unburden our customers and enable them to be future-proof and flexible. Keylane, headquartered in Utrecht, the Netherlands, provides services to more than 225 customers in the Netherlands, Belgium, Germany, Denmark, Norway and Switzerland.

About Pollen Street
Pollen Street is a fast-growing and purpose-led alternative asset manager. Established in 2013, the firm has built deep capability across, technology, business and financial services, aligned with mega-trends shaping the future of the industry. Pollen Street is originally a UK-based company. It now operates across Europe and globally and employs more than 80 professionals in their offices in London and Austin, Texas.

Transaction closing & indicative timelines
The proposed transaction is subject to customary closing conditions, including the completion of the works council consultation process and approval by the Dutch Authority for Consumers and Markets (ACM). The proposed transaction is expected to be completed by autumn 2024.

End of press release

Note to editors:

For questions, please contact: Bart van der Mark (CEO of Keylane P&C) or Leon de Looff (CEO of Keylane L&P); see general contact details below.

Contact details:
Keylane Group B.V.
Website: https://keylane.com/
Contact Person: Bart van der Mark or Leon de Looff
Email: marcom@keylane.com
Telephone: + 31 88 404 50 00