Pivotal (Francis Najafi/Tyler Rives) The Najafi Companies (Jahm Najafi) . The funders behind National Vista did a good job concealing their identities, using the address of the companys registered agent Morris Bower & Haws for all of its filings, including its FEC filing. Francis Najafi - SourceWatch [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. Park City, Utah. The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. We see every color, Same platform but with new and improved features. 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. "We have been impressed with the artistic excellence, the strong leadership, and the financial stability of Ballet Arizona over the years," said Francis Najafi, Founder and CEO of Pivotal. Najafi countered that Credit Suisse agreed to loan money he says he didn't even need and that the bank was a victim of its own excess. He is also a partial owner and vice chairman of the Phoenix Suns NBA team. Healthcare staffing platform SnapNurse announces strategic investment A Melaleuca representative expressed an interest in making a comment but did not do so by press time on Tuesday. Today, the club members enjoy an impressive suite of 14 signature amenities with several new additions in the works. Pivotal Group's private equity arm focuses on middle-market companies and annual. Later he broadened Pivotal Groups mandate, successfully investing in private equity and growth venture opportunities. [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. 0000003156 00000 n The list of its authors can be seen in its historicaland/or the page Edithistory:Francis Najafi. Pivotal Group Company Profile | Management and Employees List In 1982, he founded Pivotal Group, a real estate opportunity fund. All rights reserved. [4][21][22], Najafi and his company Najafi Cos. were named highest bidder in negotiations to buy out Borders Group from bankruptcy protection in 2011. Technically, the town is on the Nebraska side of the Missouri River in Omaha, and its horseshoe-shaped lake was once an oxbow bend of the river itself. Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. [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. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. [4] Upon graduation from ASU, he attended the Thunderbird School of Global Management and earned a Masters Degree in International Management in 1977. 20005. Instastaff is a startup business that provides staffing to business customers seeking shift employees. We assist management with strategy and equip them with capital to help realize their companys potential. 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. Medal of Honor this year. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. Health Care. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. 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 Phoenix Suns. Equal Housing Opportunity. We seek to identify new strategic investments in established companies to create significant value over time. OpenSecrets Following the money in politics. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry We understand that it takes vision, persistence, and humility to succeed. Suite 295 2022 Promontory Development, LLC. The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned, The funders behind National Vista did a good job concealing their identities, using the address of the companys registered agent. ), Both releases use identical wording in several instances and note the exact same findings. Tri-Point Column in Carter Lake, Iowa. - F. Francis Najafi, CEO of Pivotal Group. Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are highly successful Iranian-American investors who happen to be politically active. That is so unique to Thunderbird.. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal The purpose of disclosure is to allow people to know immediately upon looking at an FEC report who the contributors are. (Photo by Joe Jaszewski for The Washington Post via Getty Images). Pivotal Group appeared to be the VC, which was created in 1982. in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. [17] In January 2022, Najafi gifted $25 million to Arizona State University and the Thunderbird International School of Business. Mr. Najafi serves as a Board Member of several private companies. . 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, But DPUS may have slipped up with its 2018 contribution, forgoing the Delaware address and listing its address as 2525 E Camelback Rd Ste 850. It mightve come from the company, the companys owner, or it mightve come from another individual altogether. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. Request a free trial. and real estate. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. Current. [18][19][20] He was also awarded the Jonas Mayer Outstanding Alumnus Award from Thunderbird School of Global Management.[21]. We have the expertise to assess complex investment opportunities. Developer Story - Promontory Club Park City UT ancestors. Dark Money: Coming from a shell company near you OpenSecrets - Truthout 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. Why Thunderbird and ASU will educate 100 million worldwide As a refugee of Idi Amins Uganda, my life was transformed by having access to world-class education, so this is deeply personal for me. Bankrupt luxury community sold to same developer - Boston.com 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. ", "Paula Deen makes $75M deal to re-boot her empire", "NBA team owner may soon own Sports Illustrated's owner", "Boivin: The story behind Sean Miller's questionable timeout vs. UCLA", "STX Separating From Eros As Najafi Companies Enters $173M Agreement To Acquire Hollywood Studio", https://en.wikipedia.org/w/index.php?title=Jahm_Najafi&oldid=1141017506, This page was last edited on 22 February 2023, at 23:17. recipients who represent all sectors and cultures in our society.. Revolutionary Healthcare Staffing Platform SnapNurse Announces Todays announcement is a game-changer in many respects, said Soraya Hakuziyaremye, a Thunderbird alumna, former Rwandan minister of trade and current deputy Central Bank governor of Rwanda. By using this website you consent to the use of cookies. 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. By federal law, it is illegal to make political contributions in the name of someone else, and straw donors making contributions through shell companies fall under that prohibition. SALT LAKE CITYIn a highly unusual bankruptcy outcome, the developer of a luxury golf community near Park City bought it back for pennies on the dollar Friday because the leading creditor was unable to scrap together a bid and nobody else was interested. country, Francis outstanding career is matched only by his sincere His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was 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. This article "Francis Najafi" is from Wikipedia. It also doesnt mind giving identical contributions to the same group in multiple increments, as various branches of the company gave a total of four $250,000 contributions to anti-Obama super PAC Restore Our Future in 2011. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. [5], In May 2011, Najafi received the Ellis Island Medal of Honor for outstanding citizenship, individual achievement, and encouragement of cultural unity. chosen a more deserving recipient of this award that celebrates The main office of represented VC is situated in the Phoenix. F. Francis Najafi "is Founder and Chief Executive Officer of Pivotal Group, a real estate based investment and development company with presence in all major product types including luxury hotels, office buildings, urban mixed-use projects and residential communities. Their typical investments range from $25MM-$250MM. The National Ethnic Coalition of Organizations (NECO), the largest 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 . Dean's Council members - W. P. Carey School of Business Jahm Najafi Wiki, Biography, Age, Family, Height, Net Worth, Fast Facts The McCain group has also accepted at least $100,000 from the Pivotal Foundation, which was created by Francis Najafi who owns the Pivotal Group, a private equity and real estate firm. The takeover required a buyer to raise millions more to keep operations at Promontory going. Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a forty-year-old investment firm with experience in private equity, growth ventures and real estate investments. Promontory is a Pivotal Group Community. Melaleuca is run by billionaire GOP megadonor Frank VanderSloot, who is reported to be the richest person in Idaho at an estimated net worth of $3.4 billion, according to Forbes. (Melaleuca is a genus of trees from which tea tree oil is derived. Mitchel Sayare Chairman of the Board PharmAthene, Inc. Hilla Sferruzza 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. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. Mr. Najafi started a family of privately held firms 30 ceremony this past weekend in the historic Great Hall on Ellis Island. organization of its kind in the U.S., presented the award. Pivotal Private Equity CEO And Executives - Learn more about Pivotal Private Equity CEO Jahm Najafi and key people by exploring the management team. Jahm Najafi Net Worth: How Rich is the Businessman Actually? Francis Najafi - PARS Equality Center . Between 2015 and 2016, the group gave a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. Thirty years ago, Najafi founded Pivotal Group, one of the Valley's top investment companies. unwavering efforts to advance global business and global citizenship, [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. , VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. Photo by Samantha Chow/ASU News, Reporter , ASU News. 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. Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. Drawn by the unrealized potential of well-managed, middle-market companies with unique assets, Pivotal Group entered the private equity market in 2002. 0000181206 00000 n Francis Najafi - EverybodyWiki Bios & Wiki Pivotal Group 6 Investments, 2 Exits, 5 Portfolio companies Unicorn 0000176774 00000 n Francis is much more prolific and conservative. %PDF-1.4 % Founded by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Hakuziyaremye said Africans across the continent will be able to access a world-class global education. Internet Explorer presents a security risk. Pivotal Group, Thunderbird The School of Global Management, Intelligent Assistance and Bots Ecosystem. Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. Mr. Najafi completed his B.S. to learn more. Professional Services . Not all apparent shell companies are necessarily dark money. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. Website by Needlestack. In 2005, Mr. Najafi established the Pivotal Foundation, as a charitable vehicle to give back to society and provide patronage for international awareness initiatives . Hotel in Los Angeles, 650 California Street, a Class A commercial office The commitment made to the school by Francis and Dionne Najafi will impact communities around the world and be a force that brings all of us closer together. He runs Najafi Companies, a Phoenix-based private-equity firm, and is partial owner of the Phoenix Suns NBA team. continued economic prosperity and world leadership, said Mr. Najafi. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. EXCLUSIVE: Soros, Clinton-Linked Teneo Among Donors to McCain Institute About QI - Quincy Institute for Responsible Statecraft A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. Leadership - Sandra Day O'Connor Institute
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