Tag Archives: Najafi Companies

video

Najafi affiliate acquires JVC’s video game division

Cinram, a Najafi Companies affiliate, has acquired JVC America Inc. (JAI), the games software division of JVC Americas Corp., a fully consolidated U.S. sales subsidiary of JVC KENWOOD Corporation. Terms were not disclosed. The deal is expected to close within 30 days.

With manufacturing and distribution operations in Tuscaloosa, Ala. and Kennesaw, Ga., JAI specializes in the manufacturing and fulfillment of gaming software for major gaming publishers. JAI also provides turnkey fulfillment services such as packaging, shipping and inventory management to satisfy the supply chain needs of software content providers.

JAI is an award-winning supplier of optical media, supply chain management and logistics services whose core vertical markets include leading publishers of interactive entertainment products, OEMs, software publishers, marketing continuity and subscription-based clubs and online retailers.

Toronto-based Cinram is a leading service provider to the entertainment industry and one of the largest global manufacturers and distributors of pre-recorded media products for the world’s leading motion picture studios, record labels and game publishers. Cinram also provides turnkey packaging and distribution services to a growing number of non-media clients.

This transaction provides Cinram with the scale necessary to adapt to the changing landscape of the physical media industry, while strengthening its supply chain and expanding its product offerings to new and existing game publishing clients.

“Video games are one of the pillars of our global media business,” said Steve Brown CEO of Cinram. “This acquisition supports our games group significantly and allows us to further develop our offerings to our media clients.”

“JVC America furthers Cinram’s leading position in the multi-media industry,” said Najafi Companies CEO Jahm Najafi. “This acquisition allows Cinram to continue to lead the industry and strengthen its supply chains while expanding capabilities.”

Financial advisors for JVC Kenwood Corporation were SMBC Nikko.

Najafi Companies is an International private investment firm based in Phoenix, with offices in Los Angeles, New York, Paris, Toronto, London and holdings in sectors including consumer, media, technology, industrial, energy and real estate across seven countries.
The firm makes highly-selective investments in companies with strong management teams across a variety of industries, often in areas undergoing rapid technological transformation. The firm takes a long-term view on its investments and focuses its efforts to create value through growth and superior performance. Najafi Companies funds its investments with internally generated capital, not through a fund. Free from the restrictions of a fund, the firm is able to move quickly and decisively when investing, and with no requirements to return capital to outside partners, Najafi Companies is able to make investments that create maximum value for the long-term.

technology

SkyMall merges with Xhibit

SkyMall, the Phoenix-based specialty retailer and preferred partner in the loyalty marketplace, has merged into a subsidiary of Xhibit Corp. (OTCQB: XBTC), a leading provider of digital marketing and advertising solutions.

The combined companies will focus on the next generation interactive platform to provide the 650 million viewers of SkyMall’s and more than 135 million loyalty division members a comprehensive and enhanced client experience.

“SkyMall and Xhibit are a perfect match of innovation, marketing and technology,” said SkyMall CEO Kevin Weiss, who will serve as CEO of Xhibit Corp. “This merger enables SkyMall with significant opportunities to create heightened value for our partners and customers. With the help of Xhibit’s team, we look forward to expanding our industry-leading platforms around the world.”

The combination of Xhibit’s large digital media distribution network and SkyMall’s growing merchants and customer reach will create a world-class consumer merchandising and relationship platform. SkyMall’s catalog is currently available to 80 percent of U.S. domestic travelers. SkyMall is also the preferred loyalty partner provider to iconic enterprises in finance, gaming and hospitality verticals.

“We are excited to bring these two companies together,” said Chris Richarde, Xhibit’s founder, who will now serve as President of Xhibit Corp. “At Xhibit’s core, we have focused on building communities that link consumers with product and service providers while enhancing the purchasing process. We believe that our platform will enhance the shopping experience for SkyMall’s suppliers, customers and members.”

Najafi Companies, owners of SkyMall prior to the merger, will remain a major shareholder of Xhibit Corp. “Xhibit is a leading marketer and their industry expertise will give SkyMall a strong competitive advantage,” added Najafi Companies CEO Jahm Najafi. “This merger positions the combined company properly for continued growth both domestically and internationally.”

Xhibit has acquired all of the outstanding capital stock of the SkyMall parent for newly-issued shares of Xhibit common stock representing approximately 40 percent of the total outstanding shares of Xhibit capital stock. The transaction was structured as a merger of a newly-formed Xhibit subsidiary into the SkyMall parent, and was unanimously approved by the boards of directors of Xhibit and the SkyMall parent and by the shareholders of the SkyMall parent.

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Najafi Companies sells Trends homers to Ryland Group

Najafi Companies has agreed to sell the Phoenix operations and assets of Trend Homes to Ryland Group, Inc. of Westlake Village, Calif. Terms of the deal have not been disclosed.

Najafi Companies acquired Gilbert-based Trend Homes in 2008, enabling the homebuilder to continue its operations throughout Greater Phoenix.

Reed Porter, CEO of Trend Homes, will serve as Ryland’s Phoenix Division President while all other Trend Homes employees are expected to join Ryland in conjunction with the acquisition.

“We are proud of the success Trend Homes has enjoyed under our stewardship and pleased that Ryland will be taking Trend Homes, its assets and employees to another level,” said Peter Woog, a partner with Najafi Companies. “We are confident this acquisition will ensure the continued success of Trend Homes.”

“We are pleased to announce the acquisition of Trend Homes which is consistent with our strategy of expanding into new markets that present opportunities for growth. We are excited about the current and future land positions we have acquired as a result of the purchase of Trend.  Most importantly, we are thrilled to add an outstanding team of 30 homebuilding professionals, led by Reed Porter, to our team at Ryland,” said Larry Nicholson, Ryland’s CEO and President.

Scottsdale-based Land Advisors Organization provided advisory services to Najafi Companies on the Ryland Group acquisition of Trend Homes.