Platinum Equity and Ares Commercial Finance announced that they have provided financing to support Kingswood Capital Management in its acquisition of Daramic, a global supplier of battery separator technologies.
The financing was delivered through Platinum Credit Opportunities Funds, part of Platinum Equity’s credit platform, which provides debt capital for acquisitions, refinancings, and recapitalizations. The transaction underscores continued demand for flexible capital solutions to support sponsor-backed industrial businesses.
Daramic, headquartered in Charlotte, North Carolina, is a long-established leader in producing polyethylene and phenolic resin-based battery separators used in lead-acid batteries. The company operates seven manufacturing facilities and seven sales offices globally, supporting customers across the energy storage and automotive sectors.
The acquisition positions Daramic for its next phase of growth as a standalone company, with backing from Kingswood Capital and financing partners focused on long-term value creation. The investment also reflects ongoing interest in infrastructure and energy-related components, particularly those tied to battery technologies.
Platinum Equity and Ares Commercial Finance emphasized their collaborative approach in structuring the financing, combining industry expertise with tailored capital solutions designed to support operational growth and strategic initiatives.
The transaction highlights broader trends in private credit markets, where alternative lenders are playing an increasingly important role in funding acquisitions and supporting middle-market companies across industrial sectors.
KEY QUOTES:
“This financing highlights our ability to support strong businesses with thoughtful capital solutions, even in a dynamic market. Our approach combines industry insight with hands-on resources and experience that we believe deliver meaningful value to borrowers and their sponsors.”
Jacob Kotzubei And Louis Samson, Co-Presidents, Platinum Equity
“We approach every investment with a long-term, partnership-oriented mindset. We believe Daramic is a great fit and exemplifies the type of business where our credit platform can be highly additive.”
Michael Fabiano, Managing Director And Global Head Of Credit, Platinum Equity
“This investment underscores our commitment to collaborating with leading sponsors and high-quality businesses, as well as our ability to provide flexible capital solutions to support long-term growth. We look forward to continuing our work with KCM and Daramic’s management team at a pivotal time in the Company’s evolution.”
George Couladis, Managing Director, Ares Commercial Finance
“We are excited to work with Platinum and Ares, whose deep industrials experience makes them well positioned to support Daramic’s strategic initiatives and long-term value creation as a standalone company.”
Andrew Kovach, Partner, Kingswood Capital Management
