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NEWTON, MA-Golden Acquisition LLC, a new private equity firm consisting of retail and asset management specialists, has been formed to acquire and add value to retail and consumer brands. Based here, the company was formed by principals of locally based Hudson Capital Partners LLC, but will operate separately from Hudson Capital’s asset disposition business.

In announcing its formation, Golden is identified as a co-investor in the acquisition of an 85% share of Domain Home, the 27-unit home fashion retailer, also based here, from UK-based Aga Foodservice Group plc. Aga acquired Domain Home in 2002 with plans to incorporate its high-end kitchen appliances in Domain Home units.

In a partnership with Colts Neck, NJ-based Synergy Enterprises LLC, Golden acquired it back from Aga on June 20. According to published reports, Aga paid $25 million for Domain, and the Golden partnership bought it back for $18 million. Under the agreement, Aga products will continue to be sold in Domain units and used for demonstrations in a dozen select Domain stores.

James Schaye, a founding member of Hudson Capital, is the managing partner of Golden Acquisition. He began his retail career with Raymond Department Stores, his family’s business. Before founding Hudson Capital Partners LLC in 2004, he also held several posts with Federated Department stores, Gordon Brothers and Schottenstein Corp. Among Hudson Capital’s most recent dispositions is Tower Records.

The genesis of Golden, Schaye says in a statement, “draws upon the unparalleled retail industry knowledge and experience of our team.” Without naming targets or quantifying the depth of its purse, he says, “We see numerous compelling opportunities to acquire and further develop retail brands, enhancing their performance and building value through investments in growth and active management of their business.”

He refers to the Domain transaction as part of the new company’s “buy and build investment strategy. This transaction is a perfect example,” he says, “of how we plan to use our retail industry expertise, capital resources, management skills and eye for innovative deal structures to identify and add value to attractive retail brands.”

Judy George founded Domain Home in 1985 and remains as CEO. It targets middle and upper-income consumers with traditional and contemporary designs and also offers home design services. Gary Nacht founded Synergy and is its chairman and CEO. The company specializes in acquiring under-performing retail firms.

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