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, as well as supporting 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.

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. The agreement is additionally demonstrative of the market-leading offering provided by Keylane, its growth potential, and the opportunity Pollen Street sees in the sector more widely.

On the match, Leon de Looff and Bart van der Mark, CEOs of Keylane Life & Pension and Keylane Property & Casualty said: "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, and we look forward to delivering the best SaaS solutions to further develop the pension and insurance industry in the coming years."

James Bailey, Investment Director at Pollen Street, said: “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.”

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.

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.