Press Release

Kirkland & Ellis Reps Madison Dearborn Partners in $6.25B Nuveen Sale

Kirkland & Ellis represented Madison Dearborn Partners in its agreement announced today to sell Nuveen Investments, a diversified investment management company with approximately $221 billion in assets under management, to TIAA-CREF, a leading financial services provider, for an enterprise value of $6.25 billion. The acquisition is expected to be complete by year-end 2014, subject to customary closing conditions.

The Kirkland team included corporate partners Richard Porter, Neal Reenan, Steve Toth and Michael Snow and associate Aisha Lavinier, and investment management partner Scott Moehrke and associate Kevin Bettsteller.