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Private Equity
MOBILE & TELECOMMUNICATIONS | Telecom Services
itchold.com

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Investments

22

Portfolio Exits

9

About ITC Holding Company

ITC Holding Company is a private equity financing firm.

ITC Holding Company Headquarter Location

1791 O. G. Skinner Drive Suite A

West Point, Georgia, 31833,

United States

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Latest ITC Holding Company News

Cardlytics Seals $33M from Groupe Aeroplan, Others

Sep 8, 2011

Cardlytics Seals $33M from Groupe Aeroplan, Others September 8, 2011 Atlanta-based Cardlytics has raised $33 million from Groupe Aeroplan and existing investors to expand its transaction-driven marketing technology and banking rewards business in the U.S. and abroad. The company has raised financing previously from investors Kinetic Ventures, ITC Holding Company, Canaan Partners, Polaris Venture Partners and Total Technology Ventures. PRESS RELEASE Cardlytics, the pioneer of transaction-driven marketing™, announced today that it has signed a long-term global strategic alliance with Groupe Aeroplan, a global leader in loyalty management. As part of the alliance, Groupe Aeroplan and existing investors are injecting an additional $33 million in capital to fund U.S. and International growth. “Transaction-driven marketingTM is an incredibly powerful channel for retailers of all sizes. Cardlytics drives store volume more effectively than any untargeted daily deals provider. It pioneered the convenience of offers linked to the payment card. However, beyond this, transaction-driven marketingTM provides an unmatched level of targeting and measurability,” said David Perdue, Cardlytics Board Member and former Chairman and CEO Dollar General and Reebok Brand. “Marketers know they are reaching the right customers with the right message and can precisely measure the results during a campaign and over-time so they have absolute confidence in the ROI. I would love to have had this level of marketing precision when I was with Dollar General and Reebok.” Cardlytics is the leader in transaction-driven marketingTM. Through the Cardlytics platform, retailers nationwide are presenting consumers with relevant offers via trusted electronic banking channels including mobile, SMS, email and on-line banking. Cardlytics will reach 70% of all U.S. households in Q1 2012. “Given how the Cardlytics solution so fundamentally changes how marketers can invest to grow their business with confidence, it is going to become a global solution,” said Scott Grimes, Cardlytics’ CEO. “Groupe Aeroplan is an organization that deeply appreciates the needs of sophisticated marketers throughout the world and accelerates our ability to serve retailers and financial institutions globally.” Cardlytics’ solution is groundbreaking in the world of marketing. By deploying technology within partner financial institutions, Cardlytics can leverage all of a household’s purchases to target and measure marketing in a way that full protects consumer privacy and financial institution data. All of this is done in a ‘pay for performance’ model thereby eliminating all risk for the merchant. Groupe Aeroplan owns Aeroplan, Canada’s premier coalition loyalty program; Carlson Marketing, an international loyalty marketing services, engagement and events provider; and Nectar, the United Kingdom’s leading coalition loyalty program. Additionally, it operates LMG Insight & Communication, an international customer-driven insight and data analytics business; holds majority equity positions in Air Miles Middle East and Nectar Italia; and a minority position in Club Premier, Mexico’s leading coalition loyalty program. As such, its investment positions Cardlytics to capitalize on its U.S. dominance and greatly accelerate its level of growth internationally. “We heard first-hand from Cardlytics’ bank and merchant partners about the impact that Cardlytics’ transaction-driven marketingTM is making,” said Rupert Duchesne, President and Chief Executive Officer at Groupe Aeroplan. “Banks and their customers are benefitting from great rewards programs but the biggest impact is on the merchants, who are able to leverage market insights, targeting and measurement that is ground-breaking. We are very excited to take this global.” This latest round of funding marks the fourth successful funding event for Cardlytics as it continues its phenomenal growth providing rewards program for financial institutions. Current investors including Canaan Partners, Polaris Venture Partners, TTV Capital, ITC Holdings and Kinetic Ventures are all participating in this round of funding. Morgan Keegan Technology Group advised Cardlytics on this financing. The company is consistently recognized by the industry, most recently as a Red Herring Global 100 Winner, a Top Ten Financial Service Best Practice by Forrester and a Judge’s Choice Award winner for 2011 by PayBefore. “Our company’s history has been defined by consistent growth and industry acceptance, which validates our belief that transaction-driven marketingTM represents the evolution of direct marketing to consumers,” said Lynne Laube, President and COO of Cardlytics. “As we look beyond our own country to business opportunities abroad, Groupe Aeroplan is an ideal partner to help us realize that vision.” About Groupe Aeroplan Groupe Aeroplan Inc., a global leader in loyalty management, owns Aeroplan, Canada’s premier coalition loyalty program, Carlson Marketing, an international loyalty marketing services, engagement and events provider , as well as Nectar, the United Kingdom’s largest coalition loyalty program. Groupe Aeroplan also operates LMG Insight & Communication, an international customer-driven insight and data analytics business. In addition, Groupe Aeroplan has majority equity positions in Air Miles Middle East and Nectar Italia as well as a minority position in Club Premier, Mexico’s leading coalition loyalty program. For more information about Groupe Aeroplan, please visit groupeaeroplan.com. About Cardlytics Cardlytics is the pioneer and leader of the cutting edge field of transaction-driven marketingTM, expected to grow into a multi-billion industry in the US over the next four years, according to the Aite Group. The company’s unique advertising platform enables banks to deliver rich, relevant rewards to its customers based on purchasing history while fully protecting their privacy. The platform is entirely merchant-funded with advertisers targeting consumers based on spending patterns: where, how much and how frequently they spend at a store and in the broader retail category. Since its founding in 2008, Cardlytics has been a leader of innovation with recent accolades including being named one of the 100 most innovative private companies in the world by Red Herring as well as the “#1 Best Practice” in digital finance by Forrester Research. © 2015 Buyouts Insider / Argosy Group LLC

ITC Holding Company Investments

22 Investments

ITC Holding Company has made 22 investments. Their latest investment was in Cardlytics as part of their Series G on June 6, 2017.

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ITC Holding Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/9/2017

Series G

Cardlytics

$12M

No

4

12/3/2014

Private Equity

Predictix

$15M

Yes

1

5/17/2013

Series E

Cardlytics

$40M

No

1

4/23/2013

Series B - II

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$99M

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10

6/26/2012

Series B

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$99M

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0

Date

6/9/2017

12/3/2014

5/17/2013

4/23/2013

6/26/2012

Round

Series G

Private Equity

Series E

Series B - II

Series B

Company

Cardlytics

Predictix

Cardlytics

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Amount

$12M

$15M

$40M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

4

1

1

10

0

ITC Holding Company Portfolio Exits

9 Portfolio Exits

ITC Holding Company has 9 portfolio exits. Their latest portfolio exit was Cardlytics on February 09, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/9/2018

IPO

$99M

2

9/8/2017

Acquired

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10

1/20/2017

Acquired - III

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10

6/20/2016

Acquired

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$99M

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10

12/3/2014

Merger

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10

Date

2/9/2018

9/8/2017

1/20/2017

6/20/2016

12/3/2014

Exit

IPO

Acquired

Acquired - III

Acquired

Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

ITC Holding Company Acquisitions

2 Acquisitions

ITC Holding Company acquired 2 companies. Their latest acquisition was Accriva Diagnostics on August 30, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/30/2013

Private Equity

$99M

$109.52M

Acquired - II

1

10/9/2006

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$99M

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0

Date

8/30/2013

10/9/2006

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

Total Funding

$109.52M

Note

Acquired - II

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Sources

1

0

ITC Holding Company Team

8 Team Members

ITC Holding Company has 8 team members, including current Chief Executive Officer, Campbell B. Lanier-III.

Name

Work History

Title

Status

Campbell B. Lanier-III

Chief Executive Officer

Current

David Hartin

President

Current

Timothy B. Knight

Chief Financial Officer, Senior Vice President

Current

Greg Turnbull

Chief Financial Officer

Current

George Miller

Sirrom Capital

Senior Vice President

Current

Name

Campbell B. Lanier-III

David Hartin

Timothy B. Knight

Greg Turnbull

George Miller

Work History

Sirrom Capital

Title

Chief Executive Officer

President

Chief Financial Officer, Senior Vice President

Chief Financial Officer

Senior Vice President

Status

Current

Current

Current

Current

Current

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