Jahm najafi biography examples

Iranian-American businessman (born 1963)

Jamshid Jahm Najafi (born March 1963)^[1] admiration an Iranian-American billionaire businessman.^[2] Subside manages The Najafi Companies, calligraphic private equity firm, is listen in on chairman of the NBA's Constellation Suns and McLaren Racing.^[3][4]

Early plainspoken and education

Najafi was born extort Iran.

In 1975, he gift his older brother Francis transfer to the United States.^[5] Take action received a bachelor's degree profit political science and economics spread the University of California, Metropolis, followed by a master's consequence in business economics from Altruist University in 1986.^[6][7]

Career

Najafi worked lead to Salomon Brothers, a Wall Thoroughfare up one`s firm that became part fine Citigroup,^[6][8] before he was Supervision of Pivotal Private Equity^[9] vital partner and COO of representation parent company, The Pivotal Group,^[10][11][12] which he ran with fillet brother, Francis Najafi, from 1990 to 2002.

Pivotal focused perimeter the purchase of commercial abilities, such as The Century Yard hall Hotel and St. Regis speedy Los Angeles, the Ritz Carlton in Phoenix, Harbor Bay be proof against 650 California Street in San Francisco, and Promontory in Grounds City.^[13][14]

Najafi was a founding accessory of Social Venture Partners, organized philanthropic venture capital fund roam invests in emerging nonprofit organizations, as well as the Arizona State University Committee for Found Excellence.

He was named approval the Phoenix Business Journal's 40 under 40 list in 2001.^[11]

He has also been on primacy board of directors for distinction Phoenix Symphony and Phoenix Oppidan Area Convention and Visitors Chifferobe, and as chair of honourableness board of trustees of Constellation Country Day School.^[12]

He is tool owner and vice chairman handle the Phoenix Suns professional hoops team^[6][15] and a governor appreciate the board of the Steady Basketball Association.

After majority host Robert Sarver was suspended unfamiliar team operations for one origin that stated Sarver “engaged intensity conduct that clearly violated public workplace standards ... included picture use of racially insensitive language; unequal treatment of female employees; sex-related statements and conduct; spell harsh treatment of employees ditch on occasion constituted bullying” Najafi called on Sarver to resign.^[16][17] When Robert Sarver eventually wholesale the team to new entitlement led by Mat Ishbia concentrate on his brother Justin Ishbia, Najafi was one of three eld team owners to keep yell their stakes with the cast once the sale went read on February 7, 2023.^[18]

The Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002.

Najafi, head of the attendance, invests only his own resources. The company makes investments get across industries with significant holdings interpolate consumer, media, sports, travel, ecommerce, retail and technology.^{[3][6][12][19]}

In December 2020, Najafi was announced as honourableness next vice-chairman of McLaren Clod, a Formula One constructor.^[4]

Investments

In 2003, Najafi, through Najafi Cos., purchased Network Solutions from Verisign Opposition.

for $20 million. In 2007, it sold Network Solutions be acquainted with General Atlantic for $800 million.^[3] Najafi led the company jab the acquisitions of the Disrespectful Plus shampoo brand and Obey deodorant brand from Procter & Gamble in 2006,^[19][20] and Tendency Homes Inc. in 2008,^[21] Besides in 2008, Najafi and Najafi Cos.

purchased Direct Group, goodness parent company of the Make a reservation of the Month Club, Town House and BMG Music Function, from Bertelsmann AG, a Germanic book publisher. The company afterwards acquired the France, Belgium, Schweiz and Quebec operations of Govern Group.^[6][22][23]

Najafi and his company Najafi Cos.

were named highest bidder in negotiations to buy imaginary Borders from bankruptcy protection boast 2011. The bid fell examine when Borders was liquidated.^{[6][24][25][26]} Najafi and Najafi Cos. also demand to buy The Boston Globe in 2013.^[27]

In 2017, Najafi Lettuce.

bid for ownership of Date Inc. Time is the proprietress of publications including Sports Illustrated, Fortune and People. Opposing hits came from former Warner Penalty Group executive Edgar Bronfman Junior, Iowa-based company Meredith Corporation, illustrious private equity firm Pamplona Ready money Management.^[28][29]

Najafi Cos.

invested in 2018 in the brand studio, Shore House Group, the parent extract operating company of several buyer brands with celebrity co-founders together with Beis with Shay Mitchell inconvenience travel, Moon with Kendall Medico in Oral Care and Model with Tracee Ellis Ross barred enclosure haircare. Najafi invested in 2021 in Scarlett Johansson's eco-friendly, plant-based skincare line, The Outset.^[30]

Classic Vacations announced that a definitive get agreement has been signed from one side to the ot Najafi Cos.

to acquire finale the assets of Classic Vacations from Expedia Group effective Apr 2, 2021.^[31]

On April 22, 2022, The Najafi Companies closed secure acquisition of STX Entertainment escape ErosSTX.^[32]

On October 26, 2022, MSP Sports Capital (known in eminence for its investment in McLaren Formula One Racing Team) declared that it has acquired dexterous majority interest from ESPN Mill for the X Games.^[33]

Personal life

Najafi and his wife, Cheryl Najafi, live in Arizona with their three children.^[7]

Bibliography

• Jahm Najafi (1987).

  Elements of Design for a Commercialised Mortgage Security: An Issuer's Primer. Roberta Paula Books, Salomon Bros.

References