M&A Deal Summary

Grammarly Acquires Coda

On December 17, 2024, Grammarly acquired software company Coda from Ontario Teachers Pension Plan

Acquisition Highlights
  • This is Grammarly’s 1st transaction in the Software sector.
  • This is Grammarly’s 1st transaction in the United States.
  • This is Grammarly’s 1st transaction in California.

M&A Deal Summary

Date 2024-12-17
Target Coda
Sector Software
Buyer(s) Grammarly
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Coda

San Francisco, California, United States
Coda is a software that eliminates the need for multiple documents, sheets, and apps via a powerful “all-in-one” document solution. Coda was founded in 2014 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Grammarly

San Francisco, California, United States

Category Company
Founded 2009
Sector Software
DESCRIPTION

Grammarly is a provider of artificial intelligence-powered writing assistance software. Grammarly was founded in 2009 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-30 Superhuman

San Francisco, California, United States

Superhuman is an AI-native email app that helps users respond one to two days faster and save four hours every week on their email communications. Superhuman is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 80 of 83
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 34 of 35
State: California M&A 10 of 10
Country: United States M&A 41 of 43
Year: 2024 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 Pony.ai

Fremont, California, United States

Pony.ai is a technology company committed to revolutionizing transportation worldwide. The company engages in developing safe and reliable technology for autonomous vehicles. Pony.ai was founded in 2016 and is based in Fremont, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-20 Omega Healthcare Management Services

Boca Raton, Florida, United States

Omega Healthcare Management Services is a provider of outsourcing services to U.S.-based medical billing companies. The Company currently provides the following services from its wholly-owned facilities in Bangalore and Chennai, India: medical coding (professional and facility), accounts receivable management (correspondence management, A/R analysis, and collections), and data entry into different client software applications (charges, insurance coding, demographics, and cash posting). Omega Healthcare Management Services is based in Boca Raton, Florida.

Buy -