francis najafi pivotal group

[2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life That is so unique to Thunderbird.. Drawn by the unrealized potential of well-managed, middle-market companies with unique assets, Pivotal Group entered the private equity market in 2002. Promontory, valued at $560 million before the recession took hold a year ago, was sold for just $30 million to a developer who walked away from $350 million in loans packaged by Credit Suisse and sold to hedge funds and other investors. This material may not be published, broadcast, rewritten, or redistributed. (TGen); active in the Public Affairs Alliance of Iranian Americans Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. Mr. Najafi is also a patron on numerous cultural and civic organizations. 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. ), Both releases use identical wording in several instances and note the exact same findings. The company later acquired the France, Belgium, Switzerland and Quebec operations of Direct Group. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. standards, and a firm belief that business can be a powerful source of %PDF-1.4 % A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. Park City, Utah. [17] In January 2022, Najafi gifted $25 million to Arizona State University and the Thunderbird International School of Business. Najafi was also a founding partner of Social Venture . 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. 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. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. Obtain the property report and read it before signing anything. Najafi said he believes sales will pick up in a year or two, making Promontory viable again. 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. Their typical investments range from $25MM-$250MM. trailer <<7E07F676488E4E4DB696AADCB8495A3F>]>> 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. services. recipients who represent all sectors and cultures in our society.. ceremony this past weekend in the historic Great Hall on Ellis Island. 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. Iranian-American investors who happen to be politically active. Health Care. Not all apparent shell companies are necessarily dark money. By using this website you consent to the use of cookies. Some of these LLCs, such as DRT, LLC, are easier to track than others. Pictured is a section of the Boise, Idaho skyline. NECO was created in 1984 on the conviction of its founders that the Thank you for accessing our content on the Topio Networks Market Intelligence Center. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. My wife and I think of education as part of your basic human rights. DRA Strategic CommunicationsDenise D. Resnik, 602-956-8834Nick 0000156504 00000 n Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. . Pivotal's Francis Najafi and Tyler Rives also join SnapNurse's Board of . One of the reasons Arizona State University is so pleased to have Thunderbird as part of our enterprise is because it is a school that has been focused on sustained prosperity worldwide for decades. , VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi every race from so many walks of life, together, celebrating the magic Najafi is the founder of private equity firm Najafi Cos. 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. Mr. Najafi serves as a Board Member of several private companies. DPUS didnt limit its political giving to federal elections. Complete the form or call 435.333.4600 to learn more about this property. F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. 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. organization of its kind in the U.S., presented the award. Global management certificate to be available at no cost, in 40 languages. We see every color, As an immigrant some five decades ago, I learned the value of education. With our medalists, we see America at its best. The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. In this case, the source of the money is Kovner, but it takes some digging to figure that out, and BK2s contributions arent always disclosed as such. ancestors. The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. Not all so-called shell corporations are as easy to trace. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. (Photo by Wes Clowers). Dan Mahoney, co-chair of Snell & Wilmer's Venture Capital and Private Equity Industry Group. Work History. The project was shopped to 80 potential investors, none of whom ventured a bid. F. Francis Najafi, CEO of Pivotal Group, will join CYR3CON's Board of Directors which currently includes CEO Paulo Shakarian, CTO Jana Shakarian, and Dieter Kraft of Trumpf Ventures. Francis Najafi is an Iranian-American businessman and investor. 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. Our goal is to enable A+ teams to reach their peaks and achieve greatness. To access all the content for free, please sign up by entering your email. In 2007, it sold Network Solutions to General Atlantic for $800 million. To request permission for commercial use, please contactus. 0000004555 00000 n 0000176062 00000 n They gave just $20,400 to Republicans during that time. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. . Company: Industry: Round Size: Date: Investors: Location: SnapNurse. Written by Melissa Larsen. The Promontory vision guided the creation of the development of unique club structures harmonious with the land. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Ballet Arizona announced it recently received a multi-year gift in the amount of $500,000 from Mr. F. Francis & Mrs. Dionne Najafi of the Pivotal Group, a private entrepreneurial investment firm. 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. The United States is a country of immigrants, each group of people Pivotal Group is part of the Venture Capital & Private Equity industry, and located in Virginia, United States. Mitchel Sayare Chairman of the Board PharmAthene, Inc. Hilla Sferruzza said Thunderbird President ngel Cabrera, Ph.D. Mr. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. [16], He has also served on the board of directors for the Phoenix Symphony and Phoenix Metropolitan Area Convention and Visitors Bureau, and as chair of the board of trustees of Phoenix Country Day School. (PAAIA), a leading Iranian philanthropic institution; and governor of Founder and Chief Executive Officer 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 Restoring Arizonas Integrity in 2012. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. [3], Najafi has a bachelor's degree in economics from the University of California, Berkeley. DPUS didnt limit its political giving to federal elections. In 2015, Huffington Post reported that Francis may have used a shell company called Tread Standard LLC to transfer $150,000 to a pro-Jeb Bush super PAC. 0000061404 00000 n Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. Medal of Honor this year. Francis Najafi is a '77 alum of Thunderbird, and his wife, Dionne, is an '06 alum. Pivotal Group is a leading investment and development company with primary concentration on all real estate asset classes. His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. He currently serves as Chairman of the Board of NxSystems. An immigrant from Iran, Mr. Najafi founded the Pivotal Group, a real estate and private entrepreneurial . adding to the rich diversity and cultural hodgepodge that makes America 0000008522 00000 n Pivotal Group is a diversified investment company primarily focused on private equity and real estate. 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. He came to America from Iran to get an education and earned four degrees from three universities. He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. We want to make sure you get the most out of our platform. Chief Executive Officer @ Pivotal Group Preparing Francis profile View Francis's Email & Phone (It's Free) 5 free lookups per month. The courses, which include subjects such as global leadership, customer experience and global entrepreneurship, launch in April. 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. Copyright 2021 Pars Equality Center. At its inception, the firm capitalized on profitable market niches by acquiring,. 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. He previously served on the . tank; a trustee and alumnus of Thunderbird School of Global Management; 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. Pivotal group gave $3,800. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. Crowell previously served as an advisor to CYR3CON. 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. Arizona State Universitys Thunderbird School of Global Managementannounced plans today to educate 100 million learners by 2030, thanks to a historic $25 million donation. When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. xref Pivotal Group CEO and founder and developer of Promontory, F. Francis Najafi, found inspiration in the massive 7,200 acre landscape to create a timeless mountain club for all ages. Their largest recipient is Rep. Steve King (R-Iowa) with $25,700 in contributions. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. OpenSecrets Following the money in politics. F HmQ:!3%=9 - F. Francis Najafi, CEO of Pivotal Group. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one. qualities in both their personal and processional lives, while 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. unwavering efforts to advance global business and global citizenship, 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. Pivotal group gave $3,800. He is also a partial owner and vice chairman of the Phoenix Suns NBA team. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. 0000061585 00000 n Credit Suisse had matched Najafi's $30 million bid at an auction on Wednesday but, unable to raise even that amount, it withdrew the bid a day later. 8758 N Promontory Ranch Rd Quan, 602-373-2400. In 1986, he received a master's degree in business economics from Harvard University. to learn more. The certificate will be covered by full scholarships, thus at no cost to learners. 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. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. Mr. Najafi has substantial board-level experience. [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. Promontory is a Pivotal Group Community. acquired and sold Network Solutions, a leading provider of Web-based 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. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . Founded by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Washington, The document is copyrighted 2018 National Vista, Inc. Some of the wording in it exactly mirrors that used in a press release released in February by Melaleuca, an Idaho-based company that sells its own cleaning products along with an arsenal of health-related products. [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. "I have a tremendous amount of respect for Francis Najafi (Pivotal's founder and CEO) and the team he has built at Pivotal, where I will have the opportunity to lead the private equity. They are headquartered in Phoenix, Arizona. 0000182073 00000 n Later he broadened Pivotal Groups mandate, successfully investing in private equity and growth venture opportunities. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. Our private mountain club began in 2001, when the world was introduced to the vision of Promontory by an uncompromising developer with extensive experience in building communities and providing high-end hospitality. McCain. In 1982 he founded Pivotal Group, a real estate opportunity fund with uncanny market timing and wisdom. But they dont appear to be on the same page politically. This award embodies the ideals of freedom, tolerance and acceptance Thunderbird has touched more than 2 million learners in its 75-year history, said Thunderbird Director General and Dean Sanjeev Khagram. Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the. public service activities offered by the Urban Land Institute. 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 . Script error: No such module "AfC topic". 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. This article "Francis Najafi" is from Wikipedia. Pivotal concentrated on buying commercial properties such as 650 California Street in San Francisco, The . Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the Arizona 9th Congressional District Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. Lee Iacocca, Rupert Murdoch and Barron Hilton. Use the CB Insights Platform to explore Pivotal Group's full profile. Bush sits a large, reflective office building in an upscale shopping center at 2525 E Camelback Road. 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. Homeowners and a group of other creditors expressed confidence in Najafi's continued management and his $30 million bid, which pays off some debts, but not the Credit Suisse loan holders. The developer is Valley resident F. Francis Najafi, founder and CEO of The Pivotal Group. Equal Housing Opportunity. The main office of represented VC is situated in the Phoenix. Key Quotes: Between 2015 and 2016, the group. 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. By the second year, the program will be expanded across Africa, the Middle East, Asia and Latin America to at least 25 languages. At the end of the National Vista document, it simply states: If you havent done so already, now is the time to rid your home of the dangerous national cleaning products that contain so many harmful chemicals.. commitment to serving his community, both locally and internationally., The cultural diversity of our great nation is essential for Americas [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. Your comment is Najafi, head of the company, invests only his own capital. Not all apparent shell companies are necessarily dark money. 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. PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was abiding respect and understanding of other cultures, high ethical 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 and take it from me, this guy knows what he is doing! Island Medal of Honor is sanctioned by the U.S. Congress and entered at The learners in the initiativewill receive a badge for each course they complete and a 15-unit accredited certificate upon successful completion of all five courses. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Script error: No such module "AfC topic". At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. Justin Lanne and Sandy Alter of Grubb and Ellis represented the sellers . Opposing bids came from former Warner Music Group executive Edgar Bronfman Jr., Iowa-based company Meredith Corporation, and private equity firm Pamplona Capital Management. where he earned a Bachelors Degree in Engineering in 1976. Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island 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. Jobs; Sign In; Careers; By Job Titles; . 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. The Ellis 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 In court on Friday, Credit Suisse didn't support or oppose Najafi's bid, surrendering the battle. The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. In addition to his professional success, this father of . "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. Under the FECs current makeup, its debatable whether the agency would classify some of the above political contributors as shell companies at all. Habib also got another $3,900 from the Iranian American PAC. [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. Suburbs, big cities and even small towns are home to corporations created primarily to conceal the true source of money flowing to super PACs that spend millions of dollars to influence elections. "He feels a sense of obligation to the community and a desire to protect the reputation of a development he's so closely associated with," said David Jordan, one of the lawyers for the Pivotal Group subsidiaries that operate Promontory. 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. Francis Najafi. , many of which use the same Iowa address. communities such as Promontory, an award-wining second-home community in The deal is subject to a 45-day period where ErosSTX may solicit other offers; if ErosSTX declines the offer, it must pay a $4.5 million breakup fee. It mightve come from the company, the companys owner, or it mightve come from another individual altogether. Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. 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 . linking national brand cleaning products such as Clorox and Lysol to lung damage. Locally, Mr. Najafi serves, on the Board of Directors of Sandra Day OConnor Institute, is a Cabinet Member of the Presidents Club at Arizona State University, a Board Member Emeritus and Capital Campaign Chair of Arizona Science Center, and serves on ASUs W.P. 0000002534 00000 n We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. immigrants significant contribution to this country than Francis Members pay hefty fees for golf and other amenities, including opulent lodges and a warehouse-sized horse stable. Fund a NeedBecome a SponsorBecome a Volunteer, Phone: (408) 297-6700Fax: (408) 261-6401 Email: info@parsequalitycenter.orgAddress: 1635 The Alameda, San Jose, CA 95126, Phone: (818) 616-3091 Fax: (818) 616-3092 Address: 4954 Van Nuys Blvd. [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. "My wife and I think of education as part of your basic human rights. 0000170314 00000 n Unlike other MLM companies, products are sold online and shipped directly to the consumer. But they don't appear to be on the same page politically. Excluding contributions from Melaleuca to major super PACs, VanderSloot and his wife Belinda give plenty of money on their own, contributing nearly $3.5 million to GOP candidates and groups since 1992. He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). [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! [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.

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