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News & Commentary

Horizon Closes Ookla Transaction

On Nov 25, one of Horizon’s clients, Ookla, operator of Speedtest.net, received a minority investment from AVG, the leader in anti-virus software.  Ookla is the global technology leader in broadband Internet speed testing.  As ...

Tags: M&A, client, Ookla, AVG, Speedtest.net, investment

Continue reading | Posted by Horizon Principals on December 20, 2011


Pre-IPO Thoughts on Groupon

Like so many, we have been following Groupon's rapid growth and current IPO-related hubbub.   There has been a lot of insightful and provocative commentary already, including this one posted today at Business Insider.  We ...

Tags: Online Customer Acquisition, IPO

Continue reading | Posted by Horizon Principals on October 22, 2011


Horizon Partners Sponsors LeadsCon NYC

Horizon is sponsoring LeadsCon NYC coming up 8/24-8/25.  Sandy Kory, Managing Director, will be speaking in the Deep Dive on Financing, M&A, and Corporate Affairs in the afternoon on 8/25.  LeadsCon is the pioneering c...

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Continue reading | Posted by Horizon Principals on July 18, 2011


Horizon Closes Credit Loan Transaction

Last Wednesday (6/15/2011), one of Horizon’s clients, Credit Loan LLC, was officially acquired by a strategic buyer.  Credit Loan is the developer of CreditLoan.com, one of the leading destinations on the Internet for financial cons...

Tags: M&A, acquisition, transaction, client, Credit Loan, CreditLoan, CreditLoan.com, close

Continue reading | Posted by Horizon Principals on June 21, 2011


Horizon Welcomes Newest Team Member

Horizon Partners is excited to welcome our newest team member, Brian Mathy.  Brian will be an Associate in our San Francisco office.

Tags: M&A, Team, Associate

Continue reading | Posted by Horizon Principals on June 15, 2011


LeadsCon - Finalizing Mtg Schedule Now (3/1, 3/2)

The Horizon team will be attending LeadsCon Las Vegas, taking place next Tuesday and Wednesday, March 1-2, 2011.  Horizon is sponsoring a conference event and we have already scheduled the majority of our meetings.  However, we...

Tags: M&A, LeadsCon, Lead Generation

Continue reading | Posted by Horizon Principals on February 24, 2011


Transaction Tuesdays - The APA, Earn-Out & Retention Payments

First, we’d like to express our sincere apologies for what has been a sparse set of posts in recent months.  We have been busy!  The good news: Horizon’s tight schedule is a great sign that the M&A market is picking up, par...

Tags: M&A, Transaction Tuesdays, Asset Purchase Agreement, APA, Purchase Price Adjustments, Earn-out, Retention

Continue reading | Posted by Horizon Principals on February 22, 2011


Transaction Tuesdays - The APA, Consideration; Purchase Price Adjustments; and Escrow Releases

In our last Transaction Tuesdays post (before the Holidays), we continued a section by section analysis of an asset purchase agreement (APA) with a discussion of the importance of scheduling out acquired assets and assumed liabilities in...

Tags: M&A, Transaction Tuesdays, Net Working Capital, Asset Purchase Agreement, APA, Purchase Price Adjustments, Earn-out, Escrow Release

Continue reading | Posted by Horizon Principals on January 25, 2011


Horizon Attending LeadsCon Las Vegas 2011

The Horizon team will be attending LeadsCon Las Vegas, taking place March 1-2, 2011.  Horizon is sponsoring a conference event and will be scheduling meetings over the coming months.  Check back for details as we get closer to ...

Tags: M&A, Interactive Marketing, LeadsCon

Continue reading | Posted by Horizon Principals on January 24, 2011


Transaction Tuesdays Series - The Asset Purchase Agreement (APA)

As indicated in our last Transaction Tuesdays post (NWC, Part III), today, we begin a section by section analysis of an Asset Purchase Agreement (APA) using a genericized composite of deal docs we've used in past sell-side deals.  S...

Tags: M&A, Transaction Tuesdays, Asset Purchase Agreement, APA

Continue reading | Posted by Horizon Principals on January 01, 2011


Horizon Attending Affiliate Summit West in January

Members of the Horizon team will be attending Affiliate Summit West, taking place January 9-11, 2011.  Horizon Partners will be scheduling meetings over the coming month.  Let us know if you'd like to meet, as we are rapidly mo...

Tags: M&A, Affiliate Summit

Continue reading | Posted by Horizon Principals on December 13, 2010


Transaction Tuesdays - The APA, Purchase and Sale; Assumption of Liabilities

In our last Transaction Tuesdays post, we continued a section by section analysis of an asset purchase agreement (APA) with a discussion of the importance of the ‘Definitions’ section.   Today, we will cover the ‘Purchase and Sale o...

Tags: M&A, Transaction Tuesdays, Asset Purchase Agreement, APA, Acquisiton

Continue reading | Posted by Horizon Principals on December 07, 2010


Transaction Tuesdays - The Asset Purchase Agreement (APA), Definitions

In our last Transaction Tuesdays post, we began a section by section analysis of an Asset Purchase Agreement (APA) using a genericized composite of deal docs we've used in past sell-side deals.  In our first post of the series, we c...

Tags: M&A, Transaction Tuesdays, Asset Purchase Agreement, APA, Definitions

Continue reading | Posted by Horizon Principals on November 30, 2010


Mobile-Native Network Effects

The extremely successful entrepreneur and venture investor Peter Thiel recently downplayed the opportunity for innovation on the mobile Internet, noting “The Yelp of cellphones will be Yelp, the Google of cellphones will be Google.” We t...

Tags: Mobile Apps

Continue reading | Posted by Horizon Principals on November 24, 2010


5 Things to Know about Mobile App Innovation

1.    Apple is where it’s at – We have talked with hundreds of mobile app companies across all verticals, and they all confirm that Apple’s App Store is where the money is being made in mobile. 2.    Android...

Tags: Mobile Apps

Continue reading | Posted by Horizon Principals on November 20, 2010


Transaction Tuesdays - The Asset Purchase Agreement (APA), Recitals

In our last Transaction Tuesdays post, we completed our discussion of the net working capital adjustment.  Parts I, II, and III of the series defined net working capital (Part I), identified why such an adjustment exists (Part II), ...

Tags: M&A, Transaction Tuesdays, Recitals, Asset Purchase Agreement, APA

Continue reading | Posted by Horizon Principals on November 09, 2010


Transaction Tuesdays - The NWC Adjustment, Part III

This week we wrap our net working capital (NWC) series with a discussion of a common pitfall that sellers should guard against when negotiating a working capital adjustment.  A deferred revenue liability, if improperly considered in...

Tags: M&A, Transaction Tuesdays, Net Working Capital, Deferred Revenue, GAAP

Continue reading | Posted by Horizon Principals on October 26, 2010


5 Simple Things Every Entrepreneur Should Do

We interact with great, entrepreneur-driven companies all the time.  They have a product that creates value for customers, they make money, they are growing...they have the hardest stuff figured out.  But frequently these compa...

Tags: M&A

Continue reading | Posted by Horizon Principals on October 21, 2010


Mixergy Interview Up

Horizon's Sandy Kory was recently interviewed in Mixergy.com, a resource site for entrepreneurs.  Here is the link: http://mixergy.com/sandy-kory-horizon-interview/

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Continue reading | Posted by Horizon Principals on October 19, 2010


Transaction Tuesdays - The NWC Adjustment, Part II

This week we pick back up Part II of our net working capital discussion with a question:  is it possible for a seller to drain his company of cash just before transaction close?  If so, when and how can he do it?Last week we be...

Tags: M&A, Neutron Interactive, EnticeLabs, Transaction Tuesdays, Net Working Capital, Deferred Revenue

Continue reading | Posted by Horizon Principals on October 19, 2010


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Horizon Partners is a boutique financial advisory firm serving companies in digital media, software, and related growth sectors. Horizon provides advisory services to help companies raise capital and execute mergers and acquisitions.
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