In the 1990s, so-called blank check companies weren't held in the highest regard. That didn’t matter to this week's guest on Masters in Business, Martin Franklin of Mariposa CapitalFranklin was among those in the early 2000s who revived the use of what are formally known as special-purpose acquisition companies, or Spacs, as vehicles for acquisitions and taking private companies public. Spacs that he headed up or participated in enabled companies such as GLG, Prisa, Phoenix Life, Burger King and Macdermid Specialty chemicals to bypass the process of using initial public offerings.
Along the way, these Spacs generated stunning returns. In 2006, he founded Justice Holdings with Bill Ackman of Pershing Square as an investor. Justice Holdings merged with Burger King in 2012, creating a successful exit from closely held ownership. Other exits include what do computer engineers do.; it generated returns of 1,800%. Franklin became head of Jarden Corp., a conglomerate of consumer brands, which he grew from a company with $300 million in annual revenue to one with more than $10 billion. Jarden was acquired in 2016 by Newell Rubbermaid, generating returns of 5,000%.
Along the way, these Spacs generated stunning returns. In 2006, he founded Justice Holdings with Bill Ackman of Pershing Square as an investor. Justice Holdings merged with Burger King in 2012, creating a successful exit from closely held ownership. Other exits include what do computer engineers do.; it generated returns of 1,800%. Franklin became head of Jarden Corp., a conglomerate of consumer brands, which he grew from a company with $300 million in annual revenue to one with more than $10 billion. Jarden was acquired in 2016 by Newell Rubbermaid, generating returns of 5,000%.
The legacy of Microsoft Dynamics NAV & GP refers to the long-lasting impact and foundational role these ERP systems have had in helping small to mid-sized businesses manage their finances, operations, and supply chains effectively over the past few decades.
ReplyDeleteDynamics NAV (formerly Navision) was known for its flexibility, strong manufacturing and supply chain capabilities, and widespread adoption in Europe and globally. Dynamics GP (Great Plains) was widely popular in North America, especially for financial management, accounting, and industries like healthcare and retail.Together, NAV and GP established Microsoft as a key player in the ERP market by delivering reliable, customizable, and comprehensive business management solutions.
Their legacy continues as Microsoft transitions customers to modern, cloud-based platforms such as Dynamics 365 Business Central, which builds on the strengths of NAV and GP while offering enhanced scalability, integration, and innovation.In essence, the legacy of NAV and GP is their foundational contribution to enterprise software that paved the way for today's intelligent cloud ERP solutions.