Nicklaus Companies expands to China

Nicklaus Companies launched Nicklaus-China through a partnership with Beijing-based private equity firm Finergy Capital following a deal that became official at Pasadera Country Club in Monterey, unhealthy California.

Finergy Capital will help the growth of golf in China by aiding developers with golf course and residential development. The venture will also explore other business opportunities.

Nicklaus Design has nineteen exisiting courses operating in China, twelve that are under development and ten projects that are signed and in the planning process.

The Nicklaus-China venture will be based in Beijing, the office will include both Chinese and American executives.{jcomments on}