Platinum Equity, Ares Back Kingswood’s Acquisition of Battery Separator Specialist Daramic
Event summary
- Platinum Equity and Ares Commercial Finance provided financing for Kingswood Capital Management’s acquisition of Daramic, a global leader in lead battery separators.
- Daramic operates 7 manufacturing facilities and 7 sales offices worldwide, with innovation centers in the U.S., France, and India.
- Platinum Equity’s credit team led the financing, emphasizing long-term partnership and strategic value creation.
- Ares Commercial Finance highlighted its commitment to flexible capital solutions for middle-market companies.
The big picture
This deal underscores the growing appetite for private equity investments in specialized industrial sectors, particularly those tied to energy storage. With Platinum Equity’s $48 billion AUM and Ares’ $623 billion platform, the financing highlights the availability of flexible capital for middle-market acquisitions. The transaction also reflects the strategic importance of battery technology innovation, even as broader energy markets evolve.
What we're watching
- Strategic Fit
- How Platinum Equity’s industrial expertise will support Daramic’s growth as a standalone company.
- Market Dynamics
- Whether the lead battery sector will continue to demand high-performance separators amid energy transitions.
- Execution Risk
- The pace at which Kingswood integrates Daramic and realizes operational synergies.
Related topics