TIAA-CREF to acquire Nuveen Investments

TIAA-CREF is to acquire Nuveen Investments, a diversified investment management company with approximately $221 billion in assets under management. TIAA-CREF is acquiring Nuveen from an investor group led by Madison Dearborn Partners for an enterprise value of $6.25 billion, inclusive of Nuveen’s outstanding debt.

DealsNorth AmericaUSBriefs