Business
Platinum Equity and Ares Commercial Finance Provide Financing for Kingswood Capital Management's Acquisition of Daramic
Platinum Credit Opportunities Funds ("PCOF") and Ares Commercial Finance ("ACF") announced today that they provided financing to support Kingswood Capital Management's ("KCM" or the "Sponsor") acquisition of Daramic, LLC ("Daramic" or the "Company"), a Charlotte, North Carolina-based global leader in supplying high-performance polyethylene and phenolic resin-based battery separators to the lead battery industry.
About this update from Ares Management Corporation
[{"type":"text","content":"NEW YORK, April 27, 2026 /PRNewswire/ -- Platinum Credit Opportunities Funds ("PCOF") and Ares Commercial Finance ("ACF") announced today that they provided financing to support Kingswood Capital Management's ("KCM" or the "Sponsor") acquisition of Daramic, LLC ("Daramic" or the "Company"), a Charlotte, North Carolina-based global leader in supplying high-performance polyethylene and phenolic resin-based battery separators to the lead battery industry.","length":520,"tagName":"p"},{"type":"text","content":""This financing highlights our ability to support strong businesses with thoughtful capital solutions, even in a dynamic market," said Platinum Equity Co-Presidents Jacob Kotzubei and Louis Samson. "Our approach combines industry insight with hands-on resources and experience that we believe deliver meaningful value to borrowers and their sponsors."","length":371,"tagName":"p"},{"type":"text","content":"The Daramic financing was led by Platinum Equity's dedicated credit team, which provides debt capital to companies for a variety of uses, including acquisitions, refinancings and recapitalizations.","length":201,"tagName":"p"},{"type":"text","content":""We approach every investment with a long-term, partnership-oriented mindset," said Platinum Equity Managing Director and Global Head of Credit Michael Fabiano. "We believe Daramic is a great fit and exemplifies the type of business where our credit platform can be highly additive."","length":303,"tagName":"p"},{"type":"text","content":""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," said George Couladis, Managing Director, Ares Commercial Finance. "We look forward to continuing our work with KCM and Daramic's management team at a pivotal time in the Company's evolution."","length":422,"tagName":"p"},{"type":"text","content":""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," said Andrew Kovach, Partner, Kingswood Capital Manag...