Golf Club Maker Nickent Secures $2 Million in Equity Investment

Equus Total Return, Inc. (“Equus” or the “Fund”) announced a $2 million equity investment in Nickent Golf, Inc. (“Nickent”).  Nickent will use the proceeds for working capital, strategic marketing and global expansion.              

“In the golf industry, you need key components to facilitate the jump from a niche brand to a major player,” commented Michael Lee, CEO and Co-founder of Nickent.  “Superior product, PGA TOUR validation, distribution growth and an aggressive marketing plan are some of the main reasons we have been able to distinguish ourselves from the rest of the pack. This year we celebrated a ‘Major’ victory at the US Open, and we have won 18 times on the PGA Tours over the last 3 seasons.  Our valued relationship with Equus provides an opportunity to take Nickent to an even higher level.   We hope to make Nickent a household name for golfers around the world.” 

“We are pleased to announce this investment in Nickent,” commented Anthony Moore, Co-Chairman and President of Equus and Chairman of Nickent.  “This, combined with our debt financing in June, positions the Fund to receive dual benefits of current income and potential capital gains.  We look forward to working with Nickent and its experienced management team.”   

Nickent is a market leader in the rapidly expanding, hybrid club segment of the golf industry and is an emerging leader in game-enhancement technology.  Nickent’s development process is driven by its dedication to advanced technologies and focus on design innovation.  Nickent is the official OEM sponsor of the Golf Channel’s Nationwide Tour coverage. 

For more information, please visit www.nickentgolf.com

Equus Total Return, Inc. is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol “EQS”.

For more information, please visit www.equuscap.com