Friday 20 April 2018

Pollen Street in talks on further Irish buys

Pollen Street also owns the Dublin-based non-bank lender Capitalflow and has particular expertise in financial services. Stock photo
Pollen Street also owns the Dublin-based non-bank lender Capitalflow and has particular expertise in financial services. Stock photo
Gavin McLoughlin

Gavin McLoughlin

UK private equity firm Pollen Street Capital is in talks to take stakes in a number of Irish businesses after recently completing the acquisition of software company Vision Blue.

Pollen Street also owns the Dublin-based non-bank lender Capitalflow and has particular expertise in financial services. It is also supporting Irish property finance business Castlehaven FInance via its credit arm.

Typically it takes majority stakes in investee businesses.

It recently secured a new fund worth more than £400m for deployment into businesses, saying it "continues to see a highly active pipeline in its target sector, with a number of opportunities in advanced stages".

The private equity firm's managing partner Lindsey McMurray told the Sunday Independent that the firm wants to create "a new equilibrium" in financial services.

"Banks need to declutter. Strategically you wouldn't create a business with such a myriad of products. The big players will still be big but there's a ton of opportunity," McMurray said. She said the company sees opportunities in Ireland because it will be the English-speaking access point to the EU after Brexit.

Other companies in Pollen Street's portfolio include UK-based challenger bank Shawbrook.

Sunday Indo Business

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