De Brauw Blackstone Westbroek has provided legal counsel to Pollen Street Capital in its acquisition of Keylane Group from Waterland. This strategic move positions Pollen Street to enhance its portfolio in the insurance technology sector.
Keylane, based in the Netherlands, is recognized as Northern Europe’s leading provider of Software as a Service (SaaS) for core insurance operations. The company specializes in software solutions tailored for both life and non-life insurance sectors, as well as pension funds and third-party administrators.
Pollen Street Capital, a prominent private equity firm established in 2013, manages over £4.2 billion in assets across various investment strategies. The firm focuses on sectors aligned with significant industry trends, including real estate and financial services. With a team of over 80 professionals, Pollen Street operates from offices in London and the US, catering to a diverse range of investors, including pension funds and sovereign wealth funds.
The acquisition of Keylane is expected to bolster Pollen Street's capabilities in the insurance technology landscape, allowing it to leverage Keylane's innovative software solutions. This move reflects Pollen Street's commitment to investing in high-potential companies that can drive growth and innovation in their respective fields.
Overall, this acquisition marks a significant step for Pollen Street Capital as it seeks to expand its influence in the insurance software market, further enhancing its investment portfolio.