TIAA-CREF to Acquire Nuveen Investments

April 24, 2014

On April 14, 2014, TIAA-CREF announced that it will acquire Nuveen Investments, a diversified investment manager for $6.25 billion, including Nuveen’s outstanding debt.  The acquisition is expected to be completed by the end of 2014.

On April 14, 2014, TIAA-CREF announced that it will acquire Nuveen Investments from an investor group, headed by Madison Dearborn Partners.  Nuveen, a diversified investment manager, has approximately $221 billion in assets under management.  TIAA-CREF will acquire Nuveen for $6.25 billion, including Nuveen’s outstanding debt.  Following the transaction, Nuveen will operate as a subsidiary of TIAA-CREF’s Asset Management Business.  The acquisition is expected to be completed by the end of 2014, subject to customary closing conditions. 

To read the press release, please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions