[32][33], On 7 December 2021, Jahm Najafi's Najafi Companies announced that it had reached an agreement to acquire STX Entertainment from ErosSTX for US$173 million. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. In 1982, he founded Pivotal Group, a real estate opportunity fund. Mr. Najafi has received several honors including the Ellis Island Medal of Honor, the NCCJ Humanitarian Award, Thunderbird Alumni Association Distinguished Alumni Award for Achievement as an Entrepreneur, and was honored as a Thunderbird Global Leader with the unveiling of the Najafi Global Mindset Institute at Thunderbird School of Global Management. In 2005, Mr. Najafi established the Pivotal Foundation, as a charitable vehicle to give back to society and provide patronage for international awareness initiatives . his commitment to the ideals for which Thunderbird stands and his Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. He has made such an amount from his various business. In 1982 he founded Pivotal Group, a real estate opportunity fund with uncanny market timing and wisdom. The group aired multiple television ads to attack Cherny, him a Washington, D.C. insider in another. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry In addition to his professional success, this father of . Mr. Najafi currently serves as Chairman of the Board of Global Capacity, on the Board of Directors of the EastWest Institute, active in the World's President's Organization (WPO . DAN DELANEY. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. 0000002534 00000 n
[13][6][27], In 2014, Najafi, through Najafi Cos., invested between $75 and $100 million to Paula Deen and Paula Deen Ventures to fuel her rebranding after she was fired from The Food Network in June 2013. Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a thirty year old investment firm with experience in private equity and real estate investments. He is also a partial owner and vice chairman of the Phoenix Suns NBA team. 0000005250 00000 n
The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. It makes investments with internal capital rather than raising funds from institutional investors, as is the industry norm. 1976-Arizona State University-Bachelor of Science Degree in Civil Engineering 1977-Thunderbird School of Global Management-Masters Degree in International Management 1978-University of Southern California-Master of Arts Degree in International Relations However, National Vista did something of note besides bankrolling a super PAC. Photo by Samantha Chow/ASU News, Reporter , ASU News. where he earned a Bachelors Degree in Engineering in 1976. Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. 0000181206 00000 n
It has a local reputation as a lower-income town of small houses, mobile homes, airport hotels, a few industrial businesses and a large abstract steel sculpture called Tri-Point Column by the late sculptor Rod Kagan sitting alone in a field on Abbott Drive. When Robert Sarver eventually sold the team to new ownership led by Mat Ishbia and his brother Justin Ishbia, Najafi was one of three minority team owners to keep all their stakes with the team once the sale went through on February 7, 2023. [11][12], Najafi was a founding partner of Social Venture Partners, a philanthropic venture capital fund that invests in emerging nonprofit organizations, as well as on the board of Urban Land Institute and the Arizona State University Committee for Design Excellence. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. 2022 Promontory Development, LLC. Pivotal Group, based in Phoenix, provided SnapMedTech with a $15 million growth equity investment and a $100 million credit facility at the end of 2020. equity and real estate. NECO was created in 1984 on the conviction of its founders that the Copyright 2021 Pars Equality Center. Pivotal Group's private equity arm focuses on middle-market companies and annual. The first contribution was refunded, while Blue Magnolia Investments contribution was re-attributed to Berkshire Hathaway Automotive CEO Larry Van Tuyl, signaling that shedding light on these straw donors can force real disclosure. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal Some of these LLCs, such as DRT, LLC, are easier to track than others. For example, BK2 Holdings, a Princeton Junction, New Jersey-based company that gave $500,000 to SLF in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. [3] Najafi led the company through the acquisitions of the Pert Plus shampoo brand and Sure deodorant brand from Procter & Gamble in 2006,[17][19] and Trend Homes Inc. in 2008,[20] Also in 2008, Najafi and Najafi Cos. purchased Direct Group, the parent company of the Book of the Month Club, Columbia House and BMG Music Service, from Bertelsmann AG, a German book publisher. Feel free to distribute or cite this material, but please credit OpenSecrets. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. DPUS was incorporated in Delaware in July 2012 and immediately got to work funneling money into Arizona politics, giving a total of $175,000 to a brand new super PAC called. Drawn by the unrealized potential of well-managed, middle-market companies with unique assets, Pivotal Group entered the private equity market in 2002. Mr. Hundreds of miles and several national parks north of Phoenix, a general business with the name National Vista, Inc. was formed in June 2018 using the address of a registered agent in Boise, Idaho. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. (Melaleuca is a genus of trees from which tea tree oil is derived. Editors note:This story is featured in the2022 year in review. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. Our most important investment criterion is an outstanding management team. He is a board member of EastWest Institute, a global think-and-do , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. One dark money trail leads to Carter Lake, Iowa, population 3,785. www.vbprofiles.com is now www.topionetworks.com. He previously served on the . Najafi said he believes sales will pick up in a year or two, making Promontory viable again. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. No federal or state agency has judged the merits or value, if any, of this property. in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. Learn about Article Alert. could not find your e-mail or password. for all of its filings, including its FEC filing. North of downtown, in an affluent suburb near the Biltmore Golf Club played by presidents Eisenhower, Kennedy, Johnson, Nixon, Ford and George H.W. 0000176450 00000 n
[28][29][30][31], In 2017, Najafi bid for ownership of Time Inc. through his company, Najafi Cos. Time is the owner of publications including Sports Illustrated, Fortune and People. Hoovestol and his wife Monica arent quite megadonors, but they have given $118,320 to Republican candidates and groups and just $1,050 to Democrats since 2002, according to data from the Center for Responsive Politics. He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). Jahm Najafi has a brother called Francis Najafi with whom he runs The Pivotal Group, a firm that focused on the purchase of major commercial properties in California Jahm Najafi Net Worth According to reports, Jahm Najafi has an estimated net worth of $3.5 billion. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. Najafi was also a founding partner of Social Venture . 0000156504 00000 n
Despite being located in a drab single-story office building, Corporation Trust Center is the go-to registered agent for companies that dont want to be found, serving as the registered agent address for roughly 300,000 businesses as of 2018 including Apple, WalMart and Coca-Cola. There is a large body of people around the world who have no access to education, Francis Najafi said. Medal of Honor this year. said Thunderbird President ngel Cabrera, Ph.D. Mr. [1] He is the founder of Pivotal Group - a private equity and real estate investment firm based in Phoenix, Arizona and he is a minor shareholder of the NBA's Phoenix Suns. tank; a trustee and alumnus of Thunderbird School of Global Management; After majority owner Robert Sarver was suspended from team operations for one year that stated Sarver engaged in conduct that clearly violated common workplace standards included the use of racially insensitive language; unequal treatment of female employees; sex-related statements and conduct; and harsh treatment of employees that on occasion constituted bullying Najafi called on Sarver to resign. The Pivotal Foundation has in the last three years given $205,000 to the National Iranian-American Council (NIAC), which has been a vocal advocate for the Iranian nuclear deal the Obama . Mr. Najafi has substantial board-level experience. in 2012. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. Website by Needlestack. Francis Najafi, founder of Pivotal Group, announced the acquisition on behalf of a joint venture between an institutional investor and Pivotal Group. [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. diversity of the American people is what makes this nation great. Najafi is the founder of private equity firm Najafi Cos. abiding respect and understanding of other cultures, high ethical Pivotal Group CEO F. Francis Najafi said SnapNurse has been growing thanks to its technology and its "understanding of how to make the process easier for both healthcare professionals and facilities" instead of getting bogged down with lengthy processes and credentialing paperwork. Pivotal Group Team (17) Name Title Related Financings Office Contact Info; Francis Najafi Ph.D: Founder & Chief Executive Officer: 0: Phoenix, AZ Richard Garner: Chief Operating Officer: Phoenix, AZ Scott Knauer: Managing Director: Phoenix, AZ Tyler Rives: Managing . , many of which use the same Iowa address. Najafi, head of the company, invests only his own capital. %%EOF
Help provided: Students staff ASU's Counselor Training Center, Leaders on how ASU masters degree in nonprofit management prepared them for successful careers, 14-year-old ASU Online student hoping to engage, empower the next generation, Biden cybersecurity strategy a positive step, ASU expert says, Morrison Institute contributing to the 'future of democracy,' Crow says, Melikian Center receives federal funding to expand global study opportunities, Francis and Dionne Najafi 100 Million Learners Global Initiative, Sun Devil WBB opens Pac-12 play on Friday vs. No. In the first year, the initiative aims to reach learners in Iran, Kenya, Mexico, Indonesia, Egypt, India, Senegal, Brazil and Vietnam in their native languages. A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. Thats the same address as private investment firm Najafi Companies, owned and operated by Jahm Najafi, a longtime Phoenix investor and partial owner of the, Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are. linking national brand cleaning products such as Clorox and Lysol to lung damage. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. The developer is Valley resident F. Francis Najafi, founder and CEO of The Pivotal Group. Najafi holds an Like Education Secretary Betsy DeVos, of the Amway multi-level marketing fortune, VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. Island Medal of Honor is sanctioned by the U.S. Congress and entered Najafi has referred to The Central Park as his "legacy project," creating something that is unique, long-lasting, and perhaps serving as a model for . F. Francis Najafi CEO Pivotal Group. [13][14], Some of the organizations that have benefitted from Najafi's Pivotal Foundation which was established in 2005 includeBallet Arizona (to assist in performance production),[15][16] PARSA Community Foundation. The Ellis Still, when Campaign Legal Center sent a complaint to the FEC about contributions to conservative super PAC DefendArizona from two apparent shell companies Highway 76, LLC and Blue Magnolia Investments, LLC it made an impact. We want to make sure you get the most out of our platform. In 1972, Najafi moved to Arizona where he attended Arizona State University. ancestors. Sorry, we Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. In 2015. reported that Francis may have used a shell company called Tread Standard LLC to transfer $150,000 to a pro-Jeb Bush super PAC. Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . The document is copyrighted 2018 National Vista, Inc. Some of the wording in it exactly mirrors that used in a, , an Idaho-based company that sells its own cleaning products along with an arsenal of health-related products. The offices are home to a number of investment and banking firms and, according to FEC filings, theyre also home to an unknown corporation called DPUS LLC that contributed $100,000 to the liberal Senate Majority PAC in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. Najafi worked for Salomon Brothers, a Wall Street firm that became part of Citigroup, before he served as CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he ran with his brother, Francis Najafi. HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi Pivotal's Private Equity practice, which is traditionally oriented around full buyouts. Mr. Najafi serves as a Board Member of several private companies. Read More sale of $100 million to $1 billion. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. 0000175548 00000 n
Subscribe to see more. The law firm, located in a suburban office building with other law firms, a financial services firm and a teak furniture store, did not respond to a request for comment. Founder and Chief Executive Officer Between 2015 and 2016, the group. His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. Pivotal focused on the purchase of . "There is no question in my mind that the economy will recover.". Pictured is a section of the Boise, Idaho skyline. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . Work History. He currently serves as Chairman of the Board of NxSystems. [9], He serves as partial owner and vice chairman of the Phoenix Suns professional basketball team[4][13] and a governor on the board of the National Basketball Association. Francis Najafi is one of Thunderbirds most notable, successful and McCain. DPUS didnt limit its political giving to federal elections. Thank you for your continued support. With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. [2][3], Najafi was born in Isfahan, Iran in 1955. To request permission for commercial use, please contactus. leading telecommunications information and logistics company, and has Mr. Najafi is also a patron on numerous cultural and civic organizations. unwavering efforts to advance global business and global citizenship, We see every color, [1] He is the founder of Pivotal Group - a private equity and real estate investment firm based in Phoenix, Arizona and he is a minor shareholder of the NBA's Phoenix Suns. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Phoenix philanthropists Francis and Dionne Najafi are funding an accredited online Global Management and Entrepreneurship Certificate, consisting of five world-class courses in 40 different languages, as part of the Francis and Dionne Najafi 100 Million Learners Global Initiative. 22 Colorado at DFA, The Melikian Center: Russian, Eurasian and East European Studies, CHIPS Act at forefront of ASU's Mexico priorities, Watts College of Public Service and Community Solutions, School of Community Resources and Development. The project was shopped to 80 potential investors, none of whom ventured a bid. Pivotal Private Equity Company Rankings The Ellis Island Medals of Honor pay tribute to the ancestry groups that Their largest recipient is, The offices are home to a number of investment and banking firms and, according to FEC filings, theyre also home to an unknown corporation called DPUS LLC that contributed $100,000 to the liberal.
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