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NEW YORK - WisdomTree, Inc. (NYSE:WT), a $1.94 billion market cap asset manager showing strong momentum with a 49% gain over the past six months, has completed its previously announced acquisition of Ceres Partners, LLC, a U.S.-based alternative asset manager specializing in farmland investments, the company announced Thursday. According to InvestingPro analysis, WisdomTree maintains a GREAT financial health score of 3.0 out of 4.0.
The transaction, valued at $275 million in cash paid at closing with potential earnout consideration of up to $225 million payable in 2030, marks WisdomTree’s entry into private asset markets. The upfront payment was funded through WisdomTree’s recently completed convertible senior notes offering. With annual revenue of $444.57 million and a healthy 49.34% gross profit margin, WisdomTree appears well-positioned to integrate this acquisition.
Ceres Partners manages approximately $1.8 billion in its flagship farmland fund, which owns about 176,000 acres of prime U.S. farmland across 12 states. The firm has delivered net annualized returns exceeding 10% since inception, according to the company.
"The completion of the acquisition of Ceres marks a transformative moment for WisdomTree," said Jonathan Steinberg, WisdomTree Founder and CEO. "Our entry into private markets begins with farmland, a space where we can truly differentiate, establish leadership, and capture meaningful growth."
Perry Vieth, Founder and CEO of Ceres Partners, said, "With WisdomTree’s scale, distribution and digital innovation, we can bring farmland and adjacent opportunities in solar leasing, AI data infrastructure and water rights to a broader base of investors."
The acquisition expands WisdomTree beyond its traditional exchange-traded products, managed models and tokenization offerings. WisdomTree currently manages approximately $136.2 billion in assets globally. For investors seeking deeper insights into WisdomTree’s growth strategy and valuation, InvestingPro offers comprehensive analysis through its Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
The earnout consideration is contingent upon Ceres achieving revenue growth targets, according to the press release statement.
In other recent news, WisdomTree, Inc. reported its Q2 2025 earnings, meeting earnings per share (EPS) expectations with an EPS of $0.18. The company slightly surpassed revenue forecasts, posting $112.6 million, which exceeded predictions by $1.25 million. Additionally, WisdomTree announced an upsized offering of $475 million in convertible senior notes due 2030, increased from the initial $400 million due to strong investor demand. The notes will bear interest at 4.625% annually and have a conversion price set at a 45% premium to the previous closing price.
WisdomTree also revealed plans to use $275 million from the proceeds to fund its acquisition of Ceres Partners, LLC. Furthermore, the company intends to repurchase up to $25.8 million of its outstanding 5.75% convertible senior notes due 2028. Approximately $80 million will be allocated to repurchase shares of its common stock from certain note purchasers. These developments reflect WisdomTree’s strategic financial maneuvers and investment activities.
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