Times Higher Education

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Times Higher Education
The Times Higher Education cover.jpg
No. 2,048 ( 3–9 May 2012)
CategoriesHigher education
FrequencyFortnightly
First issueOctober 1971 (as Times Higher Education Supplement)
CompanyInflexion Pvt. Equity Partners LLP
CountryUnited Kingdom
Website www.timeshighereducation.com
ISSN 0049-3929

Times Higher Education (THE), formerly The Times Higher Education Supplement (THES), is a magazine reporting specifically on news and issues related to higher education.

Contents

Ownership

TPG Capital acquired TSL Education from Charterhouse in a £400 million deal in July 2013 and rebranded TSL Education, of which Times Higher Education was a part, as TES Global. The acquisition by TPG marked the third change of ownership in less than a decade for Times Higher Education, which was previously owned by News International before being acquired by Exponent Private Equity in 2005. [1]

In March 2019, private equity group Inflexion Pvt. Equity Partners LLP acquired Times Higher Education from TPG Capital, becoming THE's fourth owners in 15 years. [2] Following the acquisition by the private equity group, Times Higher Education was carved out as an independent entity from TES Global. The investment was made by Inflexion's dedicated mid-market buyout funds. [3]

The exclusive advisor for the acquisition by Inflexion was Houlihan Lokey, an investment company which has previously assisted several private equity groups acquire for-profit educational organisations. Post-acquisition, Houlihan Lokey noted that the existing Times Higher Education team will work to meet the demand for data and branding products, and look at cross-selling to existing clients. [4]

History

From its first issue, in 1971, until 2008, The Times Higher Education Supplement (THES) was published in newspaper format and was born out of, and affiliated with, The Times newspaper. On 10 January 2008, it was relaunched as a magazine. It is published by TES Global, which until October 2005 was a division of Rupert Murdoch's News International. The magazine is edited by John Gill. Phil Baty is the editor-at-large, and is responsible for international coverage. He is also the editor of the magazine's World University Rankings.

The magazine features a fictional satirical column written by Laurie Taylor, the "Poppletonian", which reflects on life at the fictional Poppleton University. [5]

In 2011, Times Higher Education was awarded the titles of "Weekly Business Magazine of the Year" and "Media Business Brand of the Year" by the Professional Publishers Association. [6]

In 2019, it was widely rumoured that Elsevier, who already partners with THE in order to compile their university rankings, [7] was planning to take over Times Higher Education completely. [8]

In August 2020, Times Higher Education announced partnerships with recruitment agency SI-UK and accommodation provider Casita, signalling its entry into the overseas student recruitment and student housing markets. [9]

On 11 September 2020, Netherlands-based Studyportals announced that it had inked an agreement with Times Higher Education, which will see the Times Higher Education website’s student visitors directed to the Studyportals student recruitment platform whenever students look into courses run by universities that THE ranks in its World University Rankings. [10]

University Rankings

Times Higher Education became known for publishing the annual Times Higher Education–QS World University Rankings , which first appeared in November 2004. On 30 October 2009 Times Higher Education broke with Quacquarelli Symonds, then its partner in compiling the Rankings, and signed an agreement with Thomson Reuters to provide the data instead. [11] The magazine developed a new methodology in consultation with its readers and its editorial board and the results were published annually from autumn 2010 to 2013, when THE signed a new deal with Elsevier. [7]

As well as its THE World University Rankings, Times Higher Education also publishes a number of other rankings: [12]

Launch yearRanking
2013Asia University Rankings
2014Emerging Economies University Rankings
2019Impact Rankings
2017Japan University Rankings
2016Latin America University Rankings
2011World Reputation Rankings
2011World University Rankings
2017WSJ/THE College Rankings
2012Young University Rankings

Events

Times Higher Education runs a series of summits, forums and symposiums throughout the year. Chaired by THE's editorial journalists, these events bring together global leaders and influencers from across academic, government and industry to debate, discuss and drive forward the future of higher education governance, innovation and research. [13]

Awards

The magazine runs two sets of awards annually, the "Times Higher Education Awards" (launched in 2007) and the "Times Higher Education Awards Asia" (launched in 2019). The "Times Higher Education Leadership and Management Awards" (Thelmas) ran from 2011 to 2018.[ citation needed ] [14]

THE Awards winner of 'University of the Year'
YearUniversity
2020University of Glasgow
2019University of Strathclyde
2018University of Essex
2017Nottingham Trent University
2016London School of Hygiene and Tropical Medicine
2015Coventry University
2014Edge Hill University
2013University of Huddersfield
2012University of Strathclyde
2011University of Sheffield
2010University of York
2009Teesside University
2008University of Leicester
2007Exeter University

Related Research Articles

College and university rankings are rankings of institutions in higher education which have been ranked on the basis of various combinations of various factors. None of the rankings give a comprehensive overview of the strengths of the institutions ranked because all select a range of easily quantifiable characteristics to base their results on. Rankings have most often been conducted by magazines, newspapers, websites, governments, or academics. In addition to ranking entire institutions, organizations perform rankings of specific programs, departments, and schools. Various rankings consider combinations of measures of funding and endowment, research excellence and/or influence, specialization expertise, admissions, student options, award numbers, internationalization, graduate employment, industrial linkage, historical reputation and other criteria. Various rankings mostly evaluating on institutional output by research. Some rankings evaluate institutions within a single country, while others assess institutions worldwide. The subject has produced much debate about rankings' usefulness and accuracy. The expanding diversity in rating methodologies and accompanying criticisms of each indicate the lack of consensus in the field. Further, it seems possible to game the ranking systems through excessive self-citations or by researchers supporting each other in surveys. UNESCO has questioned whether rankings "do more harm than good", while acknowledging that "Rightly or wrongly, they are perceived as a measure of quality and so create intense competition between universities all over the world".

TPG Capital American investment company

TPG Capital, previously known as Texas Pacific Group, is an American investment company. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care.

<i>TES</i> (magazine)

Tes, formerly known as the Times Educational Supplement, is a weekly UK publication aimed at education professionals. It was first published in 1910 as a pull-out supplement in The Times newspaper. Such was its popularity that in 1914, the supplement became a separate publication selling for one penny.

Providence Equity Partners L.L.C. is an American global private equity investment firm focused on media, communications, education, software and services investments. The firm specializes in leveraged buyout transactions as well as growth capital investments and has invested in more than 200 companies globally since its inception in 1989.

Taco Bueno

Taco Bueno is a U.S.-based, quick service restaurant chain specializing in Tex-Mex-style cuisine. The company is headquartered in Farmers Branch, Texas, in the Dallas–Fort Worth metropolitan area. Its first location opened in Abilene, Texas in 1967. The food chain has locations in Alabama, Arkansas, Kansas, Louisiana, Missouri, Oklahoma, and Texas. As of September 3, 2019, around 150 units were in operation.

SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012.

Apax Partners

Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its various predecessors, have raised approximately $51 billion (USD) since 1981. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fourteenth largest private equity firm globally.

Orix Japanese financial services company

ORIX Corporation, styled as ORIX, is a Japanese diversified financial services group headquartered in Minato, Tokyo, and Osaka, Japan.

Ropes & Gray

Ropes & Gray LLP is a global law firm with 11 offices located in the United States, Asia and Europe. The firm has more than 1,400 lawyers and professionals worldwide, and its clients include corporations and financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston, Massachusetts by John Codman Ropes and John Chipman Gray.

Goldman Sachs Capital Partners Private equity firm

Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986. As of 2019, GS Capital Partners had raised approximately $39.9 billion since inception across seven funds and has invested over $17 billion.

Welsh, Carson, Anderson & Stowe

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing in two growth industries, technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

Houlihan Lokey

Houlihan Lokey, Inc., is an American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital markets, restructuring and distressed M&A, fairness opinions, and valuations. As of October 29, 2020, Houlihan Lokey employed more than 1,500 employees worldwide.

Private-equity firm

A private-equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.

Datatel, Inc. was a private company that provided fully integrated software and professional services to build enterprise education platforms for higher education until it combined with its competitor SunGard Higher Education to form Ellucian in 2012. Datatel was headquartered in Fairfax, Virginia.

Francisco Partners American private equity firm

Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Founded in August 1999 and based in San Francisco with offices in London and New York, Francisco Partners Management L.P. has raised approximately USD $24 billion in committed capital as of June 2020 when the firm raised nearly $10 billion for tech company investments. As of 2020, Francisco Partners had more than $25 billion in assets under management and invested in over 300 companies in the technology sector. Noteworthy acquisitions and investments include GoodRx, BeyondTrust, Renaissance Learning, MyHeritage, Forcepoint, Redis Labs, and Verifone.

<i>Times Higher Education World University Rankings</i> Annual publication of university rankings

Times Higher Education World University Rankings is an annual publication of university rankings by Times Higher Education (THE) magazine. The publisher had collaborated with Quacquarelli Symonds (QS) to publish the joint THE-QS World University Rankings from 2004 to 2009 before it turned to Thomson Reuters for a new ranking system from 2010–2013. The magazine signed a new deal with Elsevier in 2014 who now provide them with the data used to compile the rankings.

Vista Equity Partners (Vista) is an American investment firm focused on financing and forwarding software, data and technology-enabled startup businesses. Vista has invested in hundreds of companies, including Misys, Ping Identity, and Marketo.

Banca Leonardo S.p.A. is a private and independent investment bank.

Sanne Group is a provider of asset management services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Chambers and Partners produces international rankings for the legal industry, which is headquartered in London, United Kingdom.

References

  1. Davies, Anjuli. "TPG to buy TSL Education for 400 million pounds". Reuters. Retrieved 8 July 2013.
  2. Tezuka, Maera. "Inflexion purchases university data provider Times Higher Education". S&P Global Market Intelligence. Retrieved 1 March 2019.
  3. Farrell, Stephen. "Inflexion acquires higher education specialist". Insider Media. Retrieved 1 March 2019.
  4. "Houlihan Lokey Advises Inflexion Private Equity Partners" . Retrieved 1 March 2019.
  5. "The inside story of Poppleton University". News – Press Releases. University of Leicester, UK. 31 October 2007. Retrieved 5 August 2011.
  6. "PPA Awards 2011". Archived from the original on 7 April 2013.
  7. 1 2 Elsevier. "Discover the data behind the Times Higher Education World University Rankings". Elsevier Connect. Retrieved 30 August 2019.
  8. "RELX said to be planning £100mln takeover of Times Higher Education". Proactiveinvestors UK. 27 November 2018. Retrieved 30 August 2019.
  9. Stacey, Viggo. "THE moves into international student services". The PIE News. Retrieved 19 August 2020.
  10. "Studyportals announces tie-up with THE". The PIE News. Retrieved 11 September 2020.
  11. Baty, Phil. "New data partner for World University Rankings". Times Higher Education. Retrieved 11 July 2012.
  12. "THE World University Rankings". Times Higher Education (THE). 19 September 2018. Retrieved 3 June 2021.
  13. "THE Events". Times Higher Education (THE). Retrieved 28 June 2021.
  14. "THE Leadership & Management Awards". Times Higher Education (THE). Retrieved 28 June 2021.