Ares Commercial Finance provided a $10 million senior secured multinational revolving line of credit to MicroStar International Holdings Corporation (“MicroStar”), a portfolio company of Freeman Spogli, for working capital purposes in support of the acquisition of Kegstar Holdings Pty Ltd (“Kegstar”). Kegstar, founded in Australia in 2012, engages in “keg pooling” and keg leasing services in Australia, the UK, and US.
MicroStar, headquartered in Denver, Colorado, is the one of the largest keg management and logistics services provider in North America for the beer brewing and distributions industry. The company has been owned by Freeman Spogli since 2012.
Kegstar was founded in Australia in December 2012 and engages in “keg pooling” and keg leasing services. Kegstar’s markets include Australia, the UK and the U.S.