Morgan Stanley Infrastructure Partners agreed on 10 July to acquire a majority stake in Nicollin Environnement, a family-owned French waste and environmental services group.
Why Morgan Stanley Infrastructure Partners is buying Nicollin Environnement (majority stake)
MSIP said Nicollin fits its European infrastructure strategy, combining essential municipal services, resilient contracted revenues and opportunities in the circular economy; it plans to renew and decarbonise the fleet.
“Nicollin is a strong fit with MSIP’s European infrastructure strategy, combining essential municipal solutions, resilient contractual revenues and clear opportunities to support the circular economy.”
Deal terms and financing
The Nicollin family remains a shareholder. Terms were not disclosed.
Regulatory approvals and timing
Closing is expected in the fourth quarter of 2026, after mandatory consultation with employee representatives and regulatory approval.
Market context
Nicollin has been run by the family for more than three generations and operates through a national network of local centres.
