By SCOTT HAMILTON
Equus Total Return, a business development company, has made a $2 million equity investment in Nickent Golf. The club manufacturerwill use the proceeds for working capital, strategic marketing and global expansion.
The latest investment follows $6 million in debt financing Equus provided Nickent in June that made Equus chief Anthony Moore chairman of Nickent’s board of directors.
“In the golf industry, you need key components to facilitate the jump from a niche brand to a major player. . . Our valued relationship with Equus provides an opportunity to take Nickent to an even higher level,” Nickent co-founder and CEO Michael Lee said in a written statement.
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Scott Hamilton is a Golfweek senior writer. To reach him e-mail [email protected]