PHOENIX, AZ— The Pivotal Group here has formed Pivotal Private Equity, a wholly owned subsidiary and provider of equity for middle-market corporate acquisitions, recapitalizations of turnaround and under-performing companies, as well as growth-capital financings, with deal sizes set to range from approximately $10 million to $100 million. Pivotal Private Equity has reportedly positioned itself to purchase controlling interests in under-valued strategic assets in volatile markets. As such, Jahm Najafi has been appointed CEO of Pivotal Private Equity… though he will remain a principal of Pivotal Group as well. Additionally, Keith Baum will join Pivotal Private Equity as vp, and Peter Woog also will be a member of the new firm’s management team. Pivotal Group is an institutionally based diversified real estate investment and development firm dedicated to the creation of resort, residential and business environments. The company’s assets include: the Century Plaza Hotel & Spa and the St. Regis Hotel in Los Angeles; Red Mountain Spa in Southern Utah; the 6,500-acre Promontory Ranch Club in Park City, Utah; 650 California St. in San Francisco’s financial district; Esplanade Place, a luxury residential high-rise here in Phoenix; and numerous other land, residential and commercial developments.
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