Ace Winches

Funding Story

£14.5M structured loan to enable share buyback

ACE Winches was founded in 1992 by Alfred Cheyne in Aberdeenshire as an engineering business supporting the fishing industry with basic winches and other back of deck equipment. The company has grown to be a global leader in the design, manufacture and hire of lifting and pulling equipment and deploying solutions in a wide range of applications to the Oil and Gas industry and offshore infrastructure projects. ACE have safely delivered over 2,500 projects in more than 50 countries.

Considered one of the best-known winch companies and trusted partner to many of the top tier global offshore businesses.

The funding enabled the repurchasing of shares and will support the business as it continues to lead industry standards for quality and reliability.

It was a real pleasure to work with Alfie and Valerie in constructing the funding proposition and finding the right funding partner for their specific needs. Having identified ThinCats as that partner, we worked closely with all parties through the credit and execution process to assist the smooth delivery of the transaction.

John Blanchflower, CEO, Bridge & York Capital Partners

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