Showing posts with label Taylor & Francis. Show all posts
Showing posts with label Taylor & Francis. Show all posts

Wednesday, August 31, 2022

Taylor & Francis

 

    Taylor & Francis Group is an international company originating in England that publishes books and academic journals, its parts include, Taylor & Francis, Routledge, F1000 Research or Dovepress.[6] It is a division of Informa plc, a United Kingdom–based publisher and conference company.[7]

    Overview

    The company was founded in 1852 when William Francis joined Richard Taylor in his publishing business. Taylor had founded his company in 1798. Their subjects covered agriculture, chemistry, education, engineering, geography, law, mathematics, medicine, and social sciences.[8]

    Francis's son, Richard Taunton Francis (1883–1930), was sole partner in the firm from 1917 to 1930.[9]

    In 1965, Taylor & Francis launched Wykeham Publications and began book publishing. T&F acquired Hemisphere Publishing in 1988, and the company was renamed Taylor & Francis Group to reflect the growing number of imprints. Taylor & Francis left the printing business in 1990, to concentrate on publishing. In 1998 it went public on the London Stock Exchange and in the same year bought its academic publishing rival Routledge for £90 million.[10] Acquisition of other publishers has remained a core part of the group's business strategy.[10] It merged with Informa in 2004 to create a new company called T&F Informa, since renamed back to Informa.[10] Following the merger, T&F closed the historic Routledge office at New Fetter Lane in London, and moved to its current headquarters in Milton Park, Oxfordshire.[11] Taylor & Francis Group is now the academic publishing arm of Informa, and accounted for 30.2% of Group Revenue and 38.1% of Adjusted Profit in 2017.[12]

    In 2018 Informa PLC reported Taylor & Francis publishes more than 2,700 journals, and about 7,000 new books each year, with a backlist of over 140,000 titles available in print and digital formats.[12] It uses the Routledge imprint for its publishing in humanities, social sciences, behavioural sciences, law and education, and the CRC Press imprint for its publishing in science, technology, engineering, and mathematics. In 2017, T&F sold assets from its Garland Science imprint to W. W. Norton & Company and then ceased to use that brand.[13][12]

    Although generally considered the smallest of the 'Big Four' STEM publishers (Reed-Elsevier, Wiley-Blackwell, Springer, and Taylor & Francis),[14] its Routledge imprint is claimed to be the largest global academic publisher within humanities and social sciences.[15][16] The company's journals have been delivered through the Taylor & Francis Online website since June 2011. Prior to that they were provided through the Informaworld website.[17] Taylor & Francis ebooks are now available via the TaylorFrancis website.[18] Taylor & Francis operates a number of Web services for its digital content including Routledge Handbooks Online,[19] the Routledge Performance Archive,[20] Secret Intelligence Files[21] and Routledge Encyclopedia of Modernism.[22] Taylor & Francis offers Open Access publishing options in both its books[23] and journals[24] divisions and through its Cogent Open Access journals imprint.[12]

    Taylor & Francis is a member of several professional publishing bodies including the Open Access Scholarly Publishers Association,[25] the International Association of Scientific, Technical, and Medical Publishers,[26] the Association of Learned & Professional Society Publishers[27] and The Publishers Association.[28] In 2017, after collaborating for several years, T&F bought specialist digital resources company Colwiz.[29][30] In January 2020, T&F bought open research publishing platform F1000.[31]

    The old Taylor and Francis logo depicts a hand pouring oil into a lit lamp, along with the Latin phrase alere flammam – "to feed the flame [of knowledge]". The modern logo is a stylised oil lamp in a circle.[25]

    Company figures

    The group has about 1,800 employees[32] in at least 18 offices worldwide. Its head office is in Milton Park, Abingdon in the United Kingdom, with other offices in Stockholm, Leiden, New York, Boca Raton, Philadelphia, Kentucky, Singapore, Kuala Lumpur, Hong Kong, Beijing, Shanghai, Taipei, Melbourne, Sydney, Cape Town, Tokyo and New Delhi.[32][33]

    Taylor & Francis reported a mean 2017 gender pay gap of 24.2% for its UK workforce, while the median was 8%. The fact that the average pay for women is significantly worse than the median pay (compared to men's) shows that women are underrepresented in the positions with the highest pay.[34]

    Controversies and evaluation

    Journal protests

    In 2013, the entire board of the Journal of Library Administration resigned in a dispute over author licensing agreements.[35]

     

     

The Board believes that the licensing terms in the Taylor & Francis author agreement are too restrictive and out-of-step with the expectations of authors in the LIS community.

A large and growing number of current and potential authors to JLA have pushed back on the licensing terms included in the Taylor & Francis author agreement. Several authors have refused to publish with the journal under the current licensing terms.

Authors find the author agreement unclear and too restrictive and have repeatedly requested some form of Creative Commons license in its place.

After much discussion, the only alternative presented by Taylor & Francis tied a less restrictive license to a $2995 per article fee to be paid by the
Author. As you know, this is not a viable licensing option for authors from the LIS community who are generally not conducting research under large grants.

Thus, the Board came to the conclusion that it is not possible to produce a quality journal under the current licensing terms offered by Taylor & Francis and chose to collectively resign.

Bravo to the editorial board of JLA for taking such a principled stand.

For a bit more background, Jason Griffey gives the perspective of an author approached by Mathews who strongly disagreed with T&F's current author rights regime. From the other side, Chris Bourg gives the perspective of someone on the JLA editorial board and a bit on how they came to their decision.

Along with many others in the comments on the various blog posts, Peter Suber suggests the board take the next step and launch their own new journal. Suber also helpfully points to a list of journals that have done just that.

My take?

First of all, I think it's a bit unfortunate that Mathews took his rather forward-thinking project to a rather backwards-thinking traditional toll access journal. The way to envision the future is to be the future to want to happen, and it's hard to imagine T&F embodying the future of scholarly communications in a way that anybody but the big commercial publishers would like to see.

That being said, I do sincerely hope his project finds a more suitable home and that one of the themes it explores is the library's role in a fairer, more open scholarly communications ecosystem.

As for the future of JLA, I hope T&F is able to move into the future and create a author rights regime that is more in sync with what authors in the LIS fields are looking for. For the resigned editorial board, I wish for them a way forward, a new partnership with an institution or society that will allow them and the authors they recruit in the future to openly envision and create the future.

https://scienceblogs.com/confessions/2013/03/24/journal-of-library-administration-editorial-board-resigns-over-author-rights

Warburg Pincus

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Warburg Pincus LLC
TypeLimited liability company
IndustryPrivate equity
Founded1966; 56 years ago
Founders
Headquarters450 Lexington Avenue
New York City, New York, U.S.
Key people
ProductsInvestments, private equity funds
AUMUS$82.66 billion (2022)[1]
Total assets$62 billion [2]
Number of employees
754 (2022)[1]
Websitewarburgpincus.com

Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India.[2][3] Warburg has been a private equity investor since 1966.[4][5] The firm currently has over $80 billion[6] in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor.[7] Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.[8]

Warburg Pincus invested in the information and communication technology sectors, including investments in Avaya, Bharti Tele-Ventures, Harbour Networks, NeuStar, PayScale, and Telcordia.[9][10][11][12][13][14]

History

History of private equity
and venture capital
Wall Street Sign (5899884048).jpg
Early history
(origins of modern private equity)
The 1980s
(leveraged buyout boom)
The 1990s
(leveraged buyout and the venture capital bubble)
The 2000s
(dot-com bubble to the credit crunch)

Founding and early history

In 1939, Eric Warburg of the Warburg banking family founded a company under the name E.M. Warburg & Co. Its first address was 52 William Street, New York, the Kuhn Loeb building. Throughout the early post-war period, the firm was a small office of 20 employees. In 1966, E.M. Warburg merged with Lionel I. Pincus & Co, forming a new company that eventually became known as E.M. Warburg, Pincus & Co.[15] In 1965, when Eric Warburg retired to Germany, control was handed to Lionel Pincus, a partner in the Ladenburg Thalmann investment bank, and the working language of the office switched from German to English.

In 1967, John Vogelstein, a former partner at Lazard Freres, joined Pincus to build the firm.[16] Together they developed a strategy of investing in diversified companies of various sizes rather than focusing on start-ups.[17] Pincus was the founder and chairman[18] while Vogelstein was vice chairman[19] and then president.[20][21] Pincus and Vogelstein ran the company until 2002, when they stepped down and appointed Charles Kaye and Joseph P. Landy as co-presidents.[17][19] Pincus died in 2009.[16]

Warburg Pincus began investing in Europe in 1983 and opened its first office in Asia in 1994. It has invested more than $5 billion in Europe; more than $3 billion in India[22] and more than $3.3 billion in China. The firm is headquartered in New York and has offices in Beijing, Berlin, Hong Kong, Houston, London, Mumbai, San Francisco, São Paulo, Shanghai and Singapore, with administrative offices in Amsterdam, Luxembourg and Mauritius.[23]

The firm is structured as a global partnership led by CEO, Charles Kaye, and President, Timothy Geithner.[24]

Initial public offerings

More than 140 Warburg Pincus companies have listed on exchanges, raising approximately $30 billion in public markets.[25] In each of these IPOs, the firm was the principal financial investor in the portfolio company. The companies have listed on 13 exchanges, including at least 30 IPOs outside the U.S. In August 2010, a six-year partnership between management and Warburg Pincus led to MEG Energy's successful IPO.

Funds

Warburg Pincus has a history of venture capital investing. The firm is a founding member of the venture capital associations in the U.S. and China, and offers a global entrepreneur in residence program to help start up new businesses.[26]

In October 2014, Reuters reported that Warburg Pincus had raised $4 billion for its first energy-focused private equity fund.[27] In late 2018, Warburg Pincus closed its Warburg Pincus Global Growth, L.P. fund at $14.8 billion, and in June 2019, closed its Warburg Pincus China-Southeast Asia II, L.P. fund at $4.25 billion.[28]

Warburg Pincus has invested in companies such as [CityMD &!The Summit Medical Group], Harbin Pharmaceutical,[29] NIO, ZTO Express[30] in China and South East Asia, Bharti Telecommunications, Apollo Tyres Ltd,[31] Ecom Express,[32] SBI General Insurance[33] in India, AmRest in Poland[34] and Nuance Communications in the U.S.[35] In 2019, the firm acquired a majority stake in healthcare tech company WebPT from Battery Ventures.[36]

Fight over the Warburg name

During the post-war period, Eric Warburg vied with his cousin Siegmund Warburg, founder of S.G. Warburg, over the use of the Warburg name in New York. Siegmund wished to expand the S.G. Warburg franchise into New York but was blocked by the existence of E.M. Warburg & Co. Following the effective sale of the business to Pincus, Siegmund Warburg accused Eric of prostituting the Warburg name. "Complicating matters was that Siegmund thought Pincus the wrong kind of Jew—of Eastern European ancestry, with a garment-district background. Professionally, he thought Pincus well below haute banque stature in the venture capital world."[37]

In January 1970, Siegmund finally got the name changed to E.M. Warburg, Pincus & Company to differentiate it from S.G. Warburg & Company. "In the end, however, Lionel Pincus had the last laugh on Siegmund. He expanded Eric's tiny firm into a giant, thriving business, with three and a half billion dollars of venture capital partnerships."[37]

In 1999, they attempted to purchase English Premier League association football club Everton F.C.[38]

See also

 

References


  1. "Everton takeover bid accepted". BBC News. 1999-10-16. Retrieved 2010-01-06.

External links

  • "Warburg Pincus Schedule 13F (Form ADv)" (PDF). U.S. Securities and Exchange Commission. 30 March 2022. pp. 22, 24.

  • Appell, Douglas. "Warburg Pincus closes China-Southeast Asia companion fund at $4.25 billion". PIOnline.com. Retrieved 27 October 2019.

  • Raghuvanshi, Gurav (17 May 2016). "Warburg Pincus Opens Office in Singapore". WSJ.com. Retrieved 27 October 2019.

  • "PEI 300 | Top private equity firms". Private Equity International. Retrieved 2022-06-24.

  • Daniel Fisher (September 4, 2013). "Warburg Pincus: The Merchant Of Modest". Forbes.

  • "Post Acute Analytics Closes Series C Funding to Accelerate Growth of Next Generation Technology Solution". www.businesswire.com. 2022-06-16. Retrieved 2022-06-24.

  • Michael J. De La Merced (May 10, 2013). "Warburg Pincus Closes Latest Fund at $11.2 Billion". The New York Times.

  • "Pharma Intelligence Unveils Its Rebrand to Citeline Following Transition to Independent Company". Globe Newswire. 22 June 2022. Retrieved 24 June 2022.

  • Shah, Sneha (13 July 2017). "Warburg Pincus puts Rs 700 crore in CleanMax". The Economic Times.

  • "CleanMax Solar Announces Equity Financing of USD 100 Million from Warburg Pincus" (PDF).

  • "Warburg Pincus investing up to $100 mn in CleanMax Solar". VCCircle. 13 July 2017.

  • Cook, John (24 April 2014). "Salary report generator PayScale getting up to $100M in deal led by Warburg Pincus". GeekWire. Retrieved 7 May 2014.

  • "Telcordia Ericsson closes Telcordia acquisition". Reuters. January 12, 2012. Archived from the original on January 16, 2012.

  • "Warburg Pincus Investments". Warburg Pincus LLC.

  • Bansal, Paritosh (2009-10-11). "Warburg Pincus founder Lionel Pincus dies". Reuters.

  • Fabrikant, Geraldine (11 October 2009). "Lionel Pincus, Who Helped Bring Investors to Private Equity, Dies at 78". The New York Times. Retrieved 3 October 2020.

  • "We'll Do It Our Way". Forbes. 21 April 2006. Retrieved 3 October 2020.

  • "Lionel Pincus, 78, founder, chairman of Warburg Pincus". Boston Globe. Associated Press. 13 October 2009. Retrieved 3 October 2020.

  • Lattman, Peter; Miller, Stephen (13 October 2009). "Wall Street Leader Helped Shape Private-Equity Arena". The Wall Street Journal. Retrieved 3 October 2020.

  • Harmetz, Aljean (10 February 1983). "Orion Group Gets Filmways". The New York Times. Retrieved 3 October 2020.

  • Janeway, William H. (May 17, 2018). Doing Capitalism in the Innovation Economy (2 ed.). Cambridge University Press. p. 91. ISBN 978-1108471275. Retrieved 3 October 2020.

  • Shraddha Nair (December 4, 2011). "Niten Malhan & Vishal Mahadevia - We would like to be specialists". LiveMint.com.

  • "Warburg Pincus Locations". Warburg Pincus LLC.

  • Porter, Kiel (16 July 2019). "Joe Landy Stepping Aside as Warburg Pincus Co-CEO". Bloomberg. Retrieved 5 February 2020.

  • "KKR, Warburg Pincus, Farallon and Capital Group Private Markets Make Substantial Investment in GO-JEK". Business Wire. August 4, 2016.

  • Khullar, Arshiya (3 December 2018). "Warburg Pincus bets on entrepreneurship". PERENews. Retrieved 27 October 2019.

  • Greg Roumeliotis (October 27, 2014). "Warburg Pincus raises $4 billion private equity fund for energy". Reuters.

  • Kreutzer, Laura (26 June 2019). "Warburg Tilts to Southeast Asia With New $4.25 Billion Fund". WSJ PRO Private Equity. Retrieved 27 October 2019.

  • "Warburg Pincus takes 22.5 pct stake in China's Harbin Pharmaceutical – report" (PDF). Forbes.com. November 6, 2005.

  • "Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia". Tech Crunch. June 27, 2019.

  • "Warburg continues to bet big on India". Livemint. March 5, 2020.

  • "Warburg Pincus to invest Rs 850 crore in Ecom Express". Economic Times. June 4, 2015.

  • "CCI nod for Napean, Warburg Pincus stake buy in SBI General Insurance". The Hindu Business Line. December 13, 2019.

  • "Warburg Pincus in PLN 307.2m PIPE for AmRest". Unquote.com. April 26, 2010.

  • "Warburg Pincus invests $175m in Nuance". Boston.com. January 15, 2009.

  • Warburg Pincus acquires majority stake in WebPT, healthcareitnews.com.

  • Ron Chernow (1994). The Warburgs: The Twentieth-Century Odyssey of a Remarkable Jewish Family. Knopf Doubleday Publishing Group. ISBN 978-0-679-74359-0.

    • Taylor & Francis logo.svg
    Parent companyInforma
    StatusActive
    Founded1852; 170 years ago
    FounderWilliam Francis, Richard Taylor
    Country of originUnited Kingdom
    Headquarters locationMilton Park, Abingdon-on-Thames, Oxfordshire United Kingdom
    DistributionBookpoint (Europe, Asia, Africa, Australia)
    self-distributed (the Americas)[1]
    Key peopleAnnie Callanan
    (CEO)[2]
    Jeremy North
    (MD, Books)
    Christoph Chesher
    (Group Sales Director)[3]
    Publication typesPeer-reviewed books & journals
    Nonfiction topicsHumanities, Social Science, Behavioural Science, Education, Law, Science, Technology, Engineering, and Mathematics, Medicine
    Fiction genresNon-Fiction. Academic & Scholarly.
    ImprintsRoutledge (Humanities, Social science, Education & Law); Taylor & Francis, CRC Press & Garland Science (Science, Technology, Engineering, and Mathematics)
    Revenue£556M in 2020 with adjusted operating margin of 38.8%[4]
    £559.6M in 2019[4]
    No. of employees1,600[5]
    Official websitetaylorandfran    
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