Kingswood Capital Management acquired Daramic, LLC in a transaction that closed on April 27, 2026. The deal value was undisclosed but involved financing from Platinum Credit Opportunities Funds and Ares Commercial Finance. Daramic is based in Charlotte, North Carolina, and operates as a global leader in supplying high-performance polyethylene and phenolic resin-based battery separators to the lead battery industry with seven manufacturing facilities and seven sales offices worldwide.
Deal structure and financing
Platinum Equity’s PCOF and Ares Commercial Finance provided debt financing for Kingswood Capital Management's acquisition of Daramic. Specific details about the equity/debt split, leverage metrics, and lock-up terms were not disclosed in the announcement. However, Platinum Equity highlighted its dedicated credit team's ability to support companies through acquisitions and other uses of capital with flexible solutions tailored to borrowers' needs.
Strategic context
Kingswood Capital Management acquired Daramic to support the company’s strategic initiatives and long-term value creation. Daramic has a rich history dating back over 90 years, leading in technology development for the lead battery market. The acquisition is expected to leverage Kingswood's resources and expertise in supporting companies at inflection points in their development. Platinum Equity and Ares Commercial Finance emphasized their commitment to providing flexible capital solutions to support Daramic’s growth as a standalone entity.
Regulatory path
The regulatory review process for this transaction was not detailed in the announcement, but given the deal's nature and scale, it is likely that regulatory scrutiny would have been minimal or non-existent. The jurisdictions most relevant to this acquisition include North Carolina and potentially other states where Daramic operates. No specific HSR filings or EU antitrust notifications were mentioned in relation to this deal.