Five-Star Sports, a Shenzhen-based basketball training platform, announced its merger with sports education provider PacificPine Golf. Meanwhile, PacificPine Group also closed $8 million funding round led by PacificPine Capital.
As part of the deal, the new entity will be renamed PacificPine Sports Group, and Frank Au, partner of PacificPine Capital, will join PacificPine Sports Group as the executive president.
Founded in 2013, Five-Star Sports offers programs to help children aged 4-18 to learn how to play sports.
Founded in 2018, as a provider of youth sports education based in Shenzhen, PacificPine Golf in partnership with the PGA of America is the exclusive authorised licensed partner of PGA Youth Development Centers in China. Five-Star Sports will remain as a standalone brand as the basketball training branch of PacificPine Sports after the merger.
Joel Haines, founder and CEO of the basketball training center, said the round will be used to open more centers, hire more coaches, and develop its technology platform.