[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. 0000001016 00000 n The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. (Photo by Joe Jaszewski for The Washington Post via Getty Images). [14][15] While Sarver served his season-long suspension in September 2022, Najafi was considered a candidate to take on the role of interim team governor for the Suns before the position was ultimately given to Sam Garvin. Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. [5], It may require cleanup to comply with Wikipedia's content policies, particularly, Last edited on 22 February 2023, at 23:17, Learn how and when to remove this template message, https://find-and-update.company-information.service.gov.uk/officers/7kT3EZmjY_q3xCRr-sV12MaDUOY/appointments, "How billionaire is using financial muscle for racial equity", "Network Solutions bought for $20 million, sold for $800 million three years later", "Possible New Owner for Borders: Meet Jahm Najafi", "Resolution COO Jeff Franklin Exits Agency", "Pivotal Private Equity to Acquire World's Largest Domain Name Registrar, Network Solutions", "Phoenix Investors Group Buys Century Plaza Hotel", "Pivotal plunking down $138M for office tower", "Najafi kicks Penske's tires; no Deadline deal", "NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization", "Phoenix Suns minority owner Jahm Najafi calls for Robert Sarver's resignation", https://arizonasports.com/story/3487485/mat-ishbias-purchase-of-phoenix-suns-set-to-be-complete-by-tuesday/, "U.S.-based MSP Sports Capital buys into McLaren F1", "Penguin Random House Sells Self-Publishing Company", "Borders Picks Najafi Companies as Lead Bidder", "Report: Phoenix investor competes with Alec Gores in bid for Borders Group", "June 27 deadline looms for bids to buy Globe", "Jeff Berg Speaks: Plans for New Agency, What Really Happened at ICM (Exclusive)", "Paula Deen Lands $75 Million to $100 Million Business DealShe's Making a Comeback, Y'all! DPUS didnt limit its political giving to federal elections. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. For one, it uses his initials BK, just as Suzanne Kovners company uses the initials SK. Its address is the same as Kovners firm Caxton Alternative Management. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. Francis Najafi Board Member Mr. Najafi is the founder and Chief Executive Officer of Pivotal Group, a forty-year-old firm that actively invests in private equity and real estate. 8758 N Promontory Ranch Rd The group aired multiple television ads to attack Cherny, comparing him to Newt Gingrich in one ad and labeling him a Washington, D.C. insider in another. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. "F. Francis Najafi Founder and CEO Pivotal Group", "Suns Sale Closes Today:Sarver Becomes Main Owner", "With $25M gift, ASU's Thunderbird School of Global Management aims to educate 100 million worldwide by 2030", "Investor report 20042005 - Arizona Memory Project", "Board of Directors Nonprofit Leadership - The O'Connor Institute", "Landmark Hotel in Los Angeles Sold to Private Real-Estate Group", "Francis Najafi, Author at Quincy Institute for Responsible Statecraft", "GPEC welcomes new board of directors members 2018-19", "Phoenix Art Museum begins year-long celebration of its 60th anniversary with "The pARTy in the Garden" gala and late-night Museum-gala experience "The afterpARTy," celebrating Museum's rich history of providing access to the arts", "Current Supporters | EastWest Institute", "CyBERsECURITy: FORGING SOLUTIONS - EastWest Institute", "F. Francis and Dionne Najafi of Pivotal Foundation Award Ballet Arizona $500,000 in Multi-Year Gift - Health & Living Magazine", "PIVOTAL FOUNDATION - ArizonaCorporates Company Profiles of Arizona", "Philanthropist Francis Najafi Gives $1M to PARSA Community Foundation", "Mark Zuckerberg and Priscilla Chan Are Giving $50 Million to U. of Hawaii", "Najafi receives Ellis Island Medal of Honor", "Five Iranian Americans to Receive Ellis Island Medal of Honor Award", "The Valley's Most Powerful Men2012 - Page 11", "Francis and Dionne Najafi Donate $25 Million to ASU's Thunderbird School of Global Management", article "Francis Najafi" is from Wikipedia, https://en.everybodywiki.com/index.php?title=Francis_Najafi&oldid=3075039, Thunderbird School of Global Management alumni, University of South Carolina Beaufort alumni, Thunderbird School of International Management. All prices, incentives, locations, descriptions, options, and terms are subject to change without notice. [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. That is so unique to Thunderbird.. 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. [7], Najafi founded Pivotal Group in 1982. 0000001742 00000 n services. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . North of downtown, in an affluent suburb near the Biltmore Golf Club played by presidents Eisenhower, Kennedy, Johnson, Nixon, Ford and George H.W. In 1972, Najafi moved to Arizona where he attended Arizona State University. 0000005250 00000 n Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was 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. Since 2001, we have generated a substantial economic impact to Summit County, including $2 billion in construction projects, $90 million in property tax revenue, $340,000 for affordable housing, $1.2 million in grants to local non-profits, $3 million-plus in agriculture protection fees, $84 million in employee wages plus an additional $84 Najafi is founder and CEO of Pivotal Group, a 30-year-old investment firm with extensive experience in private equity investments, and all major real estate product types. 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. Work History. 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. Members pay hefty fees for golf and other amenities, including opulent lodges and a warehouse-sized horse stable. F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, is being awarded the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations. [2][3], Najafi was born in Isfahan, Iran in 1955. his commitment to the ideals for which Thunderbird stands and his Under the FECs current makeup, its debatable whether the agency would classify some of the above political contributors as shell companies at all. Pivotal Private Equity Company Rankings If youd like to learn more or opt-out, please. DRA Strategic CommunicationsDenise D. Resnik, 602-956-8834Nick Group is a diversified investment company primarily focused on private Jahm Najafi and his wife Cheryl have given $186,890 to Democratic groups and candidates since 1992, including $5,400 to Sinema in 2018. 0000063403 00000 n %PDF-1.4 % The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. The project was shopped to 80 potential investors, none of whom ventured a bid. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. 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. Mr. Najafi is also a patron on numerous cultural and civic organizations. He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. Pivotal (Francis Najafi/Tyler Rives) The Najafi Companies (Jahm Najafi) . He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. 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. Just because you can suspect an LLC has connections to company, it doesnt really tell you anything about the source of the money, Fischer said. 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 . 0000061404 00000 n Key Quotes: But it doesnt make the money any less dark, as there is no way to know the real source of the funds. 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. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. Global Capacity and Pivotal Group have now commenced seeking regulatory approvals and estimate the . A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. 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. [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. 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. With more than 40 years of experience, Pivotal Group is an active investor across multiple asset classes, and today maintains a focus on Private Equity, Growth Equity, and Real Estate. Photo by Samantha Chow/ASU News, Reporter , ASU News. Hakuziyaremye said Africans across the continent will be able to access a world-class global education. 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. It shouldnt require pulling records from other states to reveal a possible connection to another company.. 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. Francis Najafi (Pivotal Group), Dionne Najafi, Leila Ghaffani, Shaygan Kheredpir and and Abdi Soltani (ACLU - American Civil Liberties Union of Northern California) pose for a photograph at the PARS Equality Center 4th Annual Nowruz Gala at Marriott Waterfront Burlingame Hotel on March 8, 2014 in Burlingame, California. "Ultimately, I believe in the magic of America," said Najafi, an Iranian-born, self-made real-estate tycoon who believes the market for expensive second homes will come back. Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the. And in a $244,200 contribution to Paul Ryans joint fundraising committee, BK2 Holdings is listed as a partnership that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. He was drawn to an entrepreneurial culture, worked with Ed Robson of Robson Communities in the 1980's, and then joined Francis Najafi, Founder of Pivotal Group, as a partner in real estate investment. in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. (TGen); active in the Public Affairs Alliance of Iranian Americans All rights reserved. The only link to National Vista on the internet is an obscure document that highlights a widely cited study linking national brand cleaning products such as Clorox and Lysol to lung damage. 0000156504 00000 n Francis is much more prolific and conservative. Contact Tyler Rives This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. The Valley's Most Powerful Men2011 - Page 6. By the second year, the program will be expanded across Africa, the Middle East, Asia and Latin America to at least 25 languages. This material may not be published, broadcast, rewritten, or redistributed. The LLCs address, 200 Owen Parkway Circle, is the same as Lone Mountain Truck Leasing, and its registered agent in Iowa is Andy Lucht, CFO of the truck company. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. For the first time since December 30, the Sun Devil women's basketball team (8-5, 0-0 Pac-12) will return to action on Friday (5 p.m. MST) when it hosts No. Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. world. Pivotal concentrated on buying commercial properties such as 650 California Street in San Francisco, The . Hoovestol and Lucht did not respond to phone messages inquiring about DRT. [5][6], Najafi continued his education at the University of Southern California where he worked as a Teachers Assistant (197779) while completing a Masters Degree in International Relations and his Ph.D. candidacy in the International Political Economy program. He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. F. Francis Najafi CEO, Founder Pivotal Group Phoenix, Arizona, United States 2K followers 500+ connections Join to view profile pivotal group Thunderbird School of Global Management. Najafi worked for Salomon Brothers 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. To explore Pivotal Group's full profile, request access. endstream endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj [/Indexed/DeviceRGB 250 26 0 R] endobj 14 0 obj <>stream 0000005917 00000 n Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. The Ellis A truck leasing company in a small Iowa town is one of several companies linked to nondisclosed dark money contributions during the 2018 election cycle. to learn more. at Najafi Companies did not respond to a request for comment on any potential connection with DPUS. Pivotal Group, Thunderbird The School of Global Management, Intelligent Assistance and Bots Ecosystem. For over twenty-five years, Pivotal has been involved with niche residential projects, commercial development, master planned communities, luxury hotel and spa properties, commercial office buildings and other real estate . In court on Friday, Credit Suisse didn't support or oppose Najafi's bid, surrendering the battle. Drawn by the unrealized potential of well-managed, middle-market companies with unique assets, Pivotal Group entered the private equity market in 2002. The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. . The initiative, made attainable by a $25 million donation from the Najafis, will educate and empower 100 million learners by 2030, with 70% of them girls. Notable deals. It also doesnt mind giving identical contributions to the same group in multiple increments, as various branches of the company gave a total of, Melaleuca is run by billionaire GOP megadonor Frank VanderSloot, who is reported to be the richest person in Idaho at an, of $3.4 billion, according to Forbes. He was named to the Phoenix Business Journal's Forty under 40 list in 2001. Equal Housing Opportunity. We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. ), Both releases use identical wording in several instances and note the exact same findings. ceremony this past weekend in the historic Great Hall on Ellis Island. [10], Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002. Promontory is a Pivotal Group Community. Obtain the property report and read it before signing anything. 6 0 obj <> endobj - F. Francis Najafi, CEO of Pivotal Group. Francis Najafi (Na-JAF-ee), chief executive of Phoenix-based Pivotal Group, emerged triumphantly from a courtroom Friday as the same owner of Promontory, where more than 350 multimillion-dollar homes have already been built. and real estate. 0000007266 00000 n So-called dark money contributions come from a diverse cross-section of the American landscape. 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. Together, we anticipate growth and success for our customers, employees, and partners." "With this agreement, we are combining two highly complementary organizations with closely aligned core values and operating strategies," stated F. Francis Najafi, founder and CEO of Pivotal Group, owner of Global Capacity. Prominent holdings include Los Angeles' Century Plaza Hotel and the Ritz-Carlton in Phoenix. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. All rights reserved. Website by Needlestack. 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. 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. bG*aA wfmBB FP/v}. 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. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. Chief Executive Officer. Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. 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. They are headquartered in Phoenix, Arizona. 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. We do not acquire companies from management teams; we partner with them. 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. 0000003867 00000 n The company made another contribution $10,000 to the Mitch McConnell-aligned, The LLCs address, 200 Owen Parkway Circle, is the same as Lone Mountain Truck Leasing, and its registered agent in Iowa is Andy Lucht, CFO of the truck company. 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 . 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. "There is no question in my mind that the economy will recover.". As one of the leading Iranian-American entrepreneurs in the 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. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC America First Action in April 2018. But they don't appear to be on the same page politically. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly transferred $50,000 to the Democratic Governors Association in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. "There is a large body of people around the world who have no access to education," said Francis Najafi, who came to the United States from Iran and founded Pivotal Group, a real estate opportunity fund. 41 0 obj <>stream 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. 0000061585 00000 n 0000004555 00000 n Pivotal group gave $3,800. 0000181206 00000 n subject to the rules of our, THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING, Report: Warrant Issued for Roggies Bar Owner, Boston Pops Concert Move Keeps the Beach Boys, Ditches Joey McIntyre, Lawmakers pass compounding pharmacy oversight bill, Follow this list on Twitter: @BostonPopular. Najafi kept operations going during a yearlong bankruptcy. Habib also got another $3,900 from the Iranian American PAC. country, Francis outstanding career is matched only by his sincere Pictured is a section of the Boise, Idaho skyline. PHOENIX, AZ - Pivotal Group, Inc., announced the successful acquisition of 21 apartment communities located in Midland, Odessa and Longview, Texas totaling over 3,200 units. After Sinema won the primary, the super PAC transferred $100,000 to. But they dont appear to be on the same page politically. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry 0000161708 00000 n Francis Najafi is one of Thunderbirds most notable, successful and Justin Lanne and Sandy Alter of Grubb and Ellis represented the sellers . And former NSA Deputy Director Bill Crowell will also join the board. There is a large body of people around the world who have no access to education, Francis Najafi said. 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. economic prosperity and human development around the world.. chosen a more deserving recipient of this award that celebrates
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