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- F. Francis Najafi, CEO of Pivotal Group. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. 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. Dallas-based Highland Capital Management, a hedge fund that owns about 40 percent of the loans, didn't return calls from The Associated Press. 0000001016 00000 n "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. Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . 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. The Najafi Thunderbird Global Initiative is educational inclusion, innovation and impact at a worldwide scale, Khagram said. Read More sale of $100 million to $1 billion. By the fourth year or earlier, the program will have expanded to Europe and Central Asia with 40 total languages. 0000001742 00000 n Francis Najafi has been working as a Chief Executive Officer at Pivotal Group for 18 years. She has served as an executive for Pivotal Group, a private equity and real estate investment firm, KSL, a KKR, Kohlberg, Kravis and Roberts company, and as Executive Director of The National Women's Hall of Fame in New York, which recognizes and celebrates the achievements of extraordinary American women. Mr. Najafi completed his B.S. freedom of speech, religion and economic opportunity. 0000155666 00000 n Pivotal Group is a Phoenix, Arizona basedprivate equity financing firm. The federal-level Iranian American PAC has received $15,000 from Francis Najafi, while the groups state-level, in the 2016 election cycle and another $2,500 from the Jahm Najafi-owned, 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. Sign up for our newsletter, and we promise to send you only the good stuff. The architecturally diverse structures would allow family members to engage in their individual pursuits and gather for joint recreation and celebration. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. We have the expertise to assess complex investment opportunities. communities such as Promontory, an award-wining second-home community in . He currently serves as Chairman of the Board of NxSystems. All rights reserved. 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. Our most important investment criterion is an outstanding management team. 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. "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. equity and real estate. DPUS didnt limit its political giving to federal elections. This unrestricted gift will support the production and operating costs that Ballet Arizona incurs to produce its six mainstage performances over the . 0000182369 00000 n Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. But they dont appear to be on the same page politically. foundation board member of the Translational Genomics Research Institute North of downtown, in an affluent suburb near the Biltmore Golf Club played by presidents Eisenhower, Kennedy, Johnson, Nixon, Ford and George H.W. startxref 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. He has made such an amount from his various business. Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . 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. that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. But it doesnt make the money any less dark, as there is no way to know the real source of the funds. 0000005917 00000 n This article "Francis Najafi" is from Wikipedia. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. "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. Current. "Integrity is your word, your character and the foundation for all future endeavors. degree in engineering followed by two Masters Degrees from Thunderbird The School of Global Management, and the University of Southern California (USC). The list of its authors can be seen in its historicaland/or the page Edithistory:Francis Najafi. 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. Francis Najafi is an Iranian-American businessman and investor. The main office of represented VC is situated in the Phoenix. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. He founded the privately held firm 30 years ago, investing in landmark properties. Notable deals. After graduating from Harvard with a master's degree in business economics in 1986, Najafi worked for Wall Street firm Solomon Brothers that eventually became a part of Citigroup. Pivotal Group is a leading investment company focused on private equity 0000161708 00000 n Najafi, head of the company, invests only his own capital. Lee Iacocca, Rupert Murdoch and Barron Hilton. Their typical investments range from $25MM-$250MM. All rights reserved. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. [4][5], Najafi worked for Salomon Brothers, a Wall Street firm that became part of Citigroup,[4][6] before he served as CEO of Pivotal Private Equity[7] and partner and COO of the parent company, The Pivotal Group,[8][9][10] which he ran with his brother, Francis Najafi. 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. A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 This approach allows us to profit from the cyclical nature of the real estate market. into the Congressional Record. Request a free trial. Script error: No such module "Draft topics". Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. The takeover required a buyer to raise millions more to keep operations at Promontory going. Thirty years ago, Najafi founded Pivotal Group, one of the Valley's top investment companies. 0000002534 00000 n ), One month before National Vistas incorporation, Melaleuca made its own $400,000 contribution to SLF, along with a separate $400,000 to, (CLF) on the same date. [7], Najafi founded Pivotal Group in 1982. in 2012. , many of which use the same Iowa address. , and they look to take control positions in companies. F. Francis Najafi is Founder and Chief Executive Officer of Pivotal Group, a thirty-year-old investment firm with extensive experience in private equity investments, and all major real estate product types. [18][19][20] He was also awarded the Jonas Mayer Outstanding Alumnus Award from Thunderbird School of Global Management.[21]. The commission could rule that National Vista, in producing a document about the hazards of national cleaners, shows that it has a purpose besides acting as a conduit to funnel anonymous contributions. Pivotal funds its investments with internally generated capital, allowing speed, flexibility, and patience to deliver todays most innovative products and services to the market and build industry leading companies and projects. his commitment to the ideals for which Thunderbird stands and his Tri-Point Column in Carter Lake, Iowa. 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.. in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. Park City, Utah. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal As one of the leading Iranian-American entrepreneurs in the | PRIVACY POLICY | REVOKE COOKIE CONSENT. Pictured is a section of the Boise, Idaho skyline. Thunderbird Dean Sanjeev Khagram celebrates the launch of the 100 million learners international initiative with Francis and Dionne Najafi. The company asserts that its products are healthier and more environmentally-friendly than national brands. individual achievement and encouragement of cultural unity at an awards 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. 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. DC Like Education Secretary Betsy DeVos, of the. Thank you for accessing our content on the Topio Networks Market Intelligence Center. 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 . ceremony this past weekend in the historic Great Hall on Ellis Island. 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. The plan is for a phased approach. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. After Sinema won the primary, the super PAC transferred $100,000 to. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . Use the CB Insights Platform to explore Pivotal Group's full profile. Hakuziyaremye said Africans across the continent will be able to access a world-class global education. He was named to the Phoenix Business Journal's Forty under 40 list in 2001. The group aired multiple television ads to attack Cherny, him a Washington, D.C. insider in another. Washington, Habib also got another $3,900 from the Iranian American PAC. All prices, incentives, locations, descriptions, options, and terms are subject to change without notice. I learned my basic management skills and leadership here at Thunderbird, where I also learned that you can work through your cultural and social differences. Eventually, the initiative will be available for learners worldwide, reaching the goal of 100 million learners. The certificate will be covered by full scholarships, thus at no cost to learners. Mr. Najafi started a family of privately held firms 30 0000156916 00000 n 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! Open Secrets following the money in politics, An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC, in April 2018. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. 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. Crowell previously served as an advisor to CYR3CON. Under the FECs current makeup, its debatable whether the agency would classify some of the above political contributors as shell companies at all. All Rights Reserved. leading telecommunications information and logistics company, and has 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. 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. Subscribe to see more. a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. 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. 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. Najafi was also a founding partner of Social Venture . abiding respect and understanding of other cultures, high ethical The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. A member of the franchise system of BHH Affiliates, LLC. As an immigrant some five decades ago, I learned the value of education. Founded by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. The PAC received its largest donation of $20,000 from Francis Najafi, founder and CEO of the investment firm 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. Want first access to OpenSecrets' investigations and data features? VanderSloot was, national finance co-chair for fellow Mormon Mitt Romneys 2012 presidential race. Pivotal Group appeared to be the VC, which was created in 1982. An immigrant from Iran, Mr. Najafi founded the Pivotal Group, a real estate and private entrepreneurial . Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. "My wife and I think of education as part of your basic human rights. [8][9], Najafi has also been on the boards of directors of; The Quincy Institute for Responsible Statecraft,[10] Greater Phoenix Economic Council,[11] Phoenix Art Museum,[12] and EastWest Institute. To request permission for commercial use, please contactus. To explore Pivotal Group's full profile, request access. F HmQ:!3%=9 Drawn by the unrealized potential of well-managed, middle-market companies with unique assets, Pivotal Group entered the private equity market in 2002. Ellis Island is the gateway We have the expertise to assess complex investment opportunities. For more information, visit. ancestors. 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. Tyler Rives and Francis Najafi of Pivotal . [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life 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 is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. Carey School of Business Deans Council. 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. They will have lifelong learning options and alternative educational pathways through Thunderbird and ASU, or will be able to transfer the credits to other universities worldwide. The courses, which include subjects such as global leadership, customer experience and global entrepreneurship, launch in April. 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. One month before National Vistas incorporation, Melaleuca made its own $400,000 contribution to SLF, along with a separate $400,000 to Congressional Leadership Fund (CLF) on the same date. Whether youre reading about 2022 midterm fundraising, conflicts of interest or dark money influence, we produce this content with a small, but dedicated team. Between 2015 and 2016, the group. 0000003867 00000 n After Sinema won the primary, the super PAC transferred $100,000 to House Majority PAC, which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. 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. At its inception, the firm capitalized on profitable market niches by acquiring,. Pivotal Group, Thunderbird The School of Global Management, Intelligent Assistance and Bots Ecosystem. 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. 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. 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. Before becoming CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he headed with his brother, Francis Najafi, Najafi worked for Salomon Brothers, a Wall Street firm that later joined Citigroup. As of 2023, Jahm Najafi net worth is roughly around $3.5 billion. Habib also got another $3,900 from the Iranian American PAC. Website by Needlestack. Not all apparent shell companies are necessarily dark money. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. Francis Najafi CEO c5753ccd5d71c0 9d6ee09b348272075e14599 17ce51b948cc 7cdd6cbe9cddd078a. public service activities offered by the Urban Land Institute. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. 20005. 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. could not find your e-mail or password. 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. Learn about Article Alert. 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. [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. Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. 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. services. Unlike other MLM companies, products are sold online and shipped directly to the consumer. 0000161571 00000 n 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. Promontory is a Pivotal Group Community. 2022 Promontory Development, LLC. We look forward to providing you with even more cutting-edge market research, as Topio Networks. The developer is Valley resident F. Francis Najafi, founder and CEO of The Pivotal Group. Some of these LLCs, such as DRT, LLC, are easier to track than others. And former NSA Deputy Director Bill Crowell will also join the board. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. Group is a diversified investment company primarily focused on private Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. [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. 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 . 8758 N Promontory Ranch Rd Pivotal Group is part of the Venture Capital & Private Equity industry, and located in Virginia, United States. [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. said Thunderbird President ngel Cabrera, Ph.D. Mr. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los Angeles, Alameda, California-based Harbor Bay and 650 California Street in San Francisco. Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. F. Francis Najafi CEO Pivotal Group. [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. 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. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 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. Key Quotes: 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. No federal or state agency has judged the merits or value, if any, of this property. He is a board member of EastWest Institute, a global think-and-do It shouldnt require pulling records from other states to reveal a possible connection to another company.. unwavering efforts to advance global business and global citizenship, <<7E07F676488E4E4DB696AADCB8495A3F>]>> Pivotal Private Equity has 2,525 employees, of which 5 are in a . 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 . We invest in later-stage venture capital and growth equity opportunities in order to help generate notable growth over time. diversity of the American people is what makes this nation great. Pivotal Group is a leading investment and development company with primary concentration on all real estate asset classes. Pivotal's real. 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 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. 0000176450 00000 n The company made another contribution $10,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) two weeks before election day. Just a stones throw from Park City, generations of families could pursue active recreation amid a diverse array of superb amenities, while completely immersed in nature. PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was By using this website you consent to the use of cookies. Najafi kept operations going during a yearlong bankruptcy. With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. 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. Obtain the property report and read it before signing anything. Name. Copyright 2009 Associated Press. Pivotal group gave $3,800. They gave just $20,400 to Republicans during that time. 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. 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. To access all the content for free, please sign up by entering your email. 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. 0000007266 00000 n Najafi said he'll have to spend about $70 million before Promontory recovers. F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. . 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.