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  • WisdomTree Completes Acquisition of ETF Securities' European Exchange-Traded Commodity Unit

    April 12, 2018

    PRESS RELEASE – WisdomTree¬†completed the acquisition of ETF Securities’ European exchange-traded commodity, currency and short-and-leveraged business, for $253 million in cash and 30 million WisdomTree shares, valuing the transaction at $523 million.

    The takeover includes $17.6 billion of assets under management as of April 10. With the addition of ETFS, WisdomTree’s assets under management increased to about $63.4 billion globally, it said on Thursday.

    The acquisition makes WisdomTree the 9th largest exchange-traded product (ETP) sponsor globally and the largest global independent ETP provider based on assets under management.

    The cash portion of the purchase price was funded with $53 million of balance sheet cash and $200 million from a newly raised term loan.

    Click here for the full press release.

     



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