M&A Deal Summary

Pollen Street Capital Acquires Keylane

On August 19, 2024, asset manager Pollen Street Capital acquired software company Keylane from Waterland Private Equity

Acquisition Highlights
  • This is Pollen Street Capital’s 4th transaction in the Software sector.
  • This is Pollen Street Capital’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2024-08-19
Target Keylane
Sector Software
Buyer(s) Pollen Street Capital
Sellers(s) Waterland Private Equity
Deal Type Secondary Buyout

Target

Keylane

Utrecht, Netherlands
Keylane is a developer and implements flexible standard software solutions for the core processes of life and non-­life insurers and pension institutions. Keylane provides solutions that optimize current business processes, unburden our customers and enable them to be future-proof and flexible. Keylane is headquartered in Utrecht, the Netherlands.

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Buyer(S) 1

Buyer

Pollen Street Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2013
PE ASSETS 2.7B GBP
Size Large
Type Sector Focused
DESCRIPTION

Pollen Street Capital is an asset management and private equity firm focused on acquiring and investing in financial and business services companies. The Firm is a hands-on investor and looks to work with management teams in building company value and driving growth. Pollen Street Capital was formed in 2013 and is headquartered in London, England.

DEAL STATS #
Overall 31 of 31
Sector (Software) 4 of 4
Type (Secondary Buyout) 4 of 4
Country (Netherlands) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 Assessio

Stockholm, Sweden

Assessio provides talent assessments finding its heritage in scientific psychology research. Ascend platform providing customers with a variety of user-friendly talent assessment solutions. Assessio was founded in 1954 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.

DEAL STATS #
Overall 44 of 45
Sector (Software) 2 of 2
Type (Secondary Buyout) 23 of 24
Country (Netherlands) 15 of 15
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Exercite

Bremen, Germany

Exercite is a B2B health and wellness network that operates brands Hansefit, Bedrijfsfitness Nederland, and Fitbase in Germany and the Netherlands. It offers more than 2.5 million employees from more than 7,000 corporate clients access to more than 12,000 sports and health facilities such as fitness rooms, swimming pools, wellness facilities, physiotherapy, climbing gyms, and dance studios. Exercite is based in Bremen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Nafinco

Bussum, Netherlands

Nafinco is an independent buying group that offers its customers support in procurement, inventory management, logistics, and business intelligence for independent pharmacies. Nafinco was founded in 2012 and is based in Bussum, Netherlands.

Buy -
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