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in close the lenders have decided to put all shares of Royal Swets & Zeitlinger
Holding N.V. up for sale and have initiated a competitive auction process with a planned sale in Q3 2014. The lenders support the plan and have decided to postpone the demand for repayment as long as the execution of the sales process develops according to the plan". The market update further stated that as Swets had "failed to meet its covenant requirements related to the long term financing. As a consequence of this breach the lenders are entitled to demand immediate repayment." The problems were attributed to the move from print to digital publishing, which has lower commissions, and facilitates direct publisher–customer relationships in place of intermediaries.
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145:, was a group of information services companies operating worldwide as an intermediary between publishers and libraries. Swets provided overall management and processing of subscriptions to scientific and professional printed and electronic publications for libraries. The parent company of Royal Swets & Zeitlinger Holding was Swets & Zeitlinger Group BV, and its main trading subsidiary was Swets Information Services BV. The Swets companies were progressively declared bankrupt between September and November 2014.
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Swets' 2013 annual report, released on 8 August 2014, included the following market update report: "2013 was a turbulent year for Swets. It has become clear that the intended transformation of Swets requires more capital and scale than is currently available. The ultimate shareholders of Swets Group
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Private investment company Oak Point
Partners acquired the remnant assets, consisting of any known and unknown assets that weren't previously administered, from the Swets Information Services, Inc. Bankruptcy Estate on January 9,
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Between
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524:"Order For Motion of Chapter 7 Trustee Approving the Sale of Certain Assets of the Debtor's Estate to Oak Point Partners"
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In 2010 started comprehensive e-book catalog and procurement options, supplying over 1 million e-books in 2011
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In 2008/09 Swets opened offices in India, New
Zealand, Finland, Austria & Switzerland, China
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On 23 September 2014, Swets
Information Services BV filed for and was granted bankruptcy.
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382:"Notice to the creditors of the bankrupt companies of the Swets and Zeitlinger Group"
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141:(Koninklijke Swets & Zeitlinger Holding NV), operating under the trade name
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504:. Association of Subscription Agents & Intermediaries. 24 September 2014
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In 2011 Swets acquired the publisher communication services company
Accucoms
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353:"First public bankruptcy report Swets Information Services B.V. et al"
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Royal Swets & Zeitlinger sells Swets & Zeitlinger
Publishers
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Swets remained 100% owned by the Swets family until the mid-nineties
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409:. Royal Swets & Zeitlinger Holding NV. 2013. Archived from
282:. Royal Swets & Zeitlinger Holding NV. 2012. Archived from
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Business services companies disestablished in the 21st century
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Former office buildings of Swets in Lisse (The
Netherlands)
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Founded by
Adriaan Swets & Heinrich Zeitlinger in 1901
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Multinational companies headquartered in the
Netherlands
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In 2007 Swets was sold to Gilde, a Dutch investment firm
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In 2003, Swets & Zeitlinger Publishers was sold to
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439:"Swets Information Services B.V. is declared bankrupt"
341:(1–10). Association for Information Management. 2004.
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Also in 2008 Swets acquired Boekhandel E. Frencken BV
502:"Swets Information Services B.V. declared bankrupt"
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476:"Gilde Buyout Partners to sell Swets imminently"
642:Business services companies established in 1901
531:Bankruptcy Court for the District of New Jersey
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632:Privately held companies of the Netherlands
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161:Swets bought out Zeitlinger after one year
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482:. Investor Publishing. 12 September 2014
380:Groenewegen, J.L.M. (18 December 2014).
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237:Institutional Edition, powered by Swets
139:Royal Swets & Zeitlinger Holding NV
657:Dutch companies disestablished in 2014
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188:In 2014 Gilde put Swets up for sale.
652:Dutch companies established in 1901
445:. Europa Science. 24 September 2014
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59:Adriaan Swets, Heinrich Zeitlinger
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617:Swets bankruptcy documents at CMS
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572:"Scholarly Stats Press Release"
309:"Bloomberg report on Swetswise"
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552:"E-Select Licensed Partners"
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118://swetsinformationservices
17:Swets Information Services
231:Document Delivery Service
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358:. CMS. 28 November 2014
240:Discovery Services (by
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255:Electronic publishing
242:Deep Web Technologies
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443:Research Information
335:Managing information
289:on February 26, 2014
169:Taylor & Francis
416:on December 2, 2014
315:on January 18, 2013
92:Number of employees
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333:"Digest of News".
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218:PressDisplay (by
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598:. Retrieved
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420:23 September
418:. Retrieved
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291:. Retrieved
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203:Partnerships
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64:Headquarters
293:21 February
82:Area served
626:Categories
600:2012-02-12
580:2012-02-16
557:2012-02-16
537:January 9,
508:15 January
486:15 January
449:15 January
388:15 January
362:15 January
319:2012-02-12
261:References
44:1901
35:Publishing
211:ALJC (by
86:Worldwide
249:See also
235:Mendeley
225:e-Select
108:.archive
31:Industry
153:History
101:Website
56:Founder
41:Founded
116:/http:
575:(PDF)
527:(PDF)
414:(PDF)
407:(PDF)
384:. CMS
356:(PDF)
287:(PDF)
280:(PDF)
213:ALPSP
198:2018.
143:Swets
539:2018
510:2015
488:2015
451:2015
422:2014
390:2015
364:2015
295:2014
120:.com
112:/web
110:.org
106:web
96:591
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122:/
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
