Kingswood Capital Management, LP acquired Daramic, LLC from Asahi Kasei Corporation (TSE:3407) on December 1, 2025. As part of the transaction, Chad Schuchmann, current CEO of Polypore, Asahi Kasei?s microporous membrane and battery separator product division, will assume the role of Daramic?s CEO.
Adam Wexner, Matt Dunnet, Mark Keohane,Tyler Martin, Anne Kim, Allison Bray, John Lynn, Martin Schwertmann, and Sam Mohazzab of Kirkland & Ellis LLP acted as legal advisor for Kingswood Capital Management, LP. Ashwath Rau and John Raghav of AZB & Partners acted as legal advisor to Kingswood Capital Management, LP.
Kingswood Capital Management, LP completed the acquisition of Daramic, LLC from Asahi Kasei Corporation (TSE:3407) on December 1, 2025.
Asahi Kasei Corp is a Japan-based company mainly engaged in the materials business, housing business and healthcare business. The Company operates through three business segments. The Materials segment provides styrene monomer, acrylonitrile, polyethylene, automotive-related fibers, electronic materials, mixed signal large scale integrated circuits (LSI), hall elements, deep ultraviolet light-emitting diodes (LEDs), pharmaceutical and food additives and others. The Housing segment provides construction contracting, renovation and other housing-related business, as well as lightweight aerated concrete (ALC), insulation materials and others. The Healthcare segment provides medical drugs, hemodialysis and apheresis related equipment, virus removal filters, cardiopulmonary resuscitation-related products and others. The Company also provides plant engineering, environmental engineering, various research and information provision businesses, and personnel dispatch and introduction services.
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