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 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B 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 73 of 73
Sector (Software) 3 of 3
Type (Add-on Acquisition) 30 of 30
State (California) 9 of 9
Country (United States) 39 of 39
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Techem

Eschborn, Germany

Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany.

Sell €6.7B