Secondary Buyout • Insurance

Pollen Street Capital Acquires Punkta Brokers

On July 31, 2018, asset manager Pollen Street Capital acquired insurance company Punkta Brokers from Syntaxis Capital

Acquisition Context
  • This is Pollen Street Capital’s 1st transaction in the Insurance sector.
  • This is Pollen Street Capital’s 1st transaction in Poland.

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M&A Deal Summary

Date July 31, 2018
Target Punkta Brokers
Sector Insurance
Buyer(s) Pollen Street Capital
Sellers(s) Syntaxis Capital
Deal Type Secondary Buyout

Target Company

Punkta Brokers

Gdansk, Poland
Punkta Brokers is an end-to-end insurance platform facilitating motor insurance. Punkta connects end users, predominantly from the SME / corporate sector, to the motor insurance market with a focus on sourcing the best pricing and protection. The offering is underpinned by Punkta's unique platform, which has capabilities across the insurance cycle, incorporating in-life claims, policy, and vehicle repair management. Punkta Brokers was founded in 1999 and is based in Gdansk, Poland.
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Buyer Overview 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 Context for Buyer #
Overall 17 of 31
Sector: Insurance 1 of 5
Type: Secondary Buyout 2 of 4
Country: Poland 1 of 2
Year: 2018 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 EZBob

London, United Kingdom

EZBob is a software company that has developed a proprietary online lending (LaaS) platform used by leading banks and financial institutions to power their digital SME lending propositions. EZBob was founded in 2011 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-03 BidX1

Dublin, Ireland

BidX1 is an end-to-end property transaction platform that digitalises the entire property transaction process across multiple European countries. BidX1 was founded in 2011 and is based in Dublin, Ireland.

Buy -

Seller Profile 1

SELLER

Syntaxis Capital

Vienna, Austria

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Syntaxis Capital is a private debt investor dedicated to providing long term capital to fast-growing medium-sized companies in Central Europe. It looks to invests in companies with an enterprise value of €50 - €300 million. Types of transactions include buyouts, growth capital, and consolidations. Syntaxis Capital was formed in 2006 and is based in Vienna, Austria with additional office in Warsaw, Guernsey.


Deal Context for Seller #
Overall 8 of 10
Sector: Insurance 1 of 1
Type: Secondary Buyout 1 of 3
Country: Poland 6 of 7
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 AXTONE Sp. z o.o.

Kanczuga, Poland

AXTONE Sp. z o.o. is a manufacturer of buffers and draw-gear devices for all types of rail vehicles.

Sell $118M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Polflam

Jeziorzany, Poland

Polflam is a provider of fire-resistant glass manufacturer. Its product offering includes numerous fire-resistance classes which have many applications in interiors and facades of commercial and office buildings, hospitals, schools and residential buildings. Polflam was founded in 1992 and is based in Jeziorzany, Poland.

Sell -

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