Ares Commercial Finance Backs Kingswood's Acquisition of Global Battery Separator Leader Daramic
Ares Commercial Finance and Platinum Credit Opportunities Funds provided debt capital to finance Kingswood Capital Management's acquisition of Daramic, LLC, a Charlotte-based global battery separator supplier operating seven manufacturing facilities and seven sales offices worldwide. The deal highlights Ares Commercial Finance's role in acquisition financing and deepens its sponsor partnerships.
1. Financing Deal Details
Ares Commercial Finance joined Platinum Credit Opportunities Funds to structure debt financing supporting Kingswood Capital Management’s acquisition of Daramic, LLC. The financing package enables the sponsor to acquire a Charlotte-based company that supplies high-performance polyethylene and phenolic resin battery separators to the lead battery industry.
2. Strategic Implications for Ares Commercial Finance
This transaction underscores Ares Commercial Finance’s capability to tailor acquisition financing for middle-market sponsors and reinforces its partnership network. Backing a global leader with seven manufacturing facilities and seven sales offices expands Ares’s exposure in industrial credit solutions.