Temasek Buys Stake in Major U.S. Ad Agency Horizon Media
Posted on 12/09/2021
Founded in 1989, New York-based Horizon Media, Inc. is a major U.S. media agency. Singapore’s Temasek Holdings acquired a minority interest in Horizon Media. LionTree Advisors is an independent investment and merchant bank focused on media, technology, and the global digital economy. LionTree is also an investor in the transaction and will support the continued growth and expansion of Horizon’s platform, leveraging its deep sector knowledge and global strategic relationships. Horizon Media has long been controlled by entrepreneur Bill Koenigsberg.
Horizon Media’s subsidiaries include, Horizon Media Los Angeles, Canvas Worldwide, InsideOut Sports & Entertainment LLC, and New Horizons.
Some of the companies that Horizon Media has represented include, A+E Networks, Capital One, GEICO, Restaurant Brands International, Hershey’s, CBS, Constellation Brands, and UnitedHealth Group.
Allen & Company LLC acted as financial advisor and Loeb & Loeb LLP acted as legal advisor to Horizon Media. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Temasek Holdings.