Golden Acquisition Will Explore Home Furnishings Acquisitions

June 25, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on June 2007 A partnership of retail industry and asset management specialists has formed Golden Acquisition LLC, a private equity firm that will focus on investing in, acquiring and growing strong retail and consumer brands. The firm is owned by a major hedge fund.

Golden Acquisition was revealed this week as another investor in the recent purchase of Norwood, Mass.-based Domain Home. Judy George, founder and chief executive officer, retains at least a 10 percent share in Domain Home, and continues in her current role.

Aga Foodservice Group retains a 15 percent share. Synergy Enterprises LLC owns the majority of the remaining shares and a majority share overall, with the rest held by Golden Acquisition.

“We see numerous compelling opportunities to acquire and further develop great retail brands, enhancing their performance and building value through investments in growth and active management of their businesses,” said James Schaye, managing partner of Golden Acquisition.

Domain had 2006 sales of approximately $71 million.

“With the Domain transaction, Golden Acquisition’s ‘buy and build’ investment strategy is off to a very strong start. This transaction is a perfect example of how we plan to use our retail industry expertise, capital resources, management skills and an eye for innovative deal structures to identify and add value to attractive retail brands,” Schaye said.