Morgan Stanley Investment Management’s infrastructure arm is acquiring a majority stake in French waste management and water solutions firm Nicollin Environnement.
Morgan Stanley Infrastructure Partners has agreed to acquire an undisclosed majority stake in the waste management, urban street cleaning and water solutions provider, with the founding Nicollin family remaining invested in the business.
Founded in 1945, the family-owned firm manages around 360 public contracts and serves 8,000 private clients. The company operates a national network of local centres across France, supported by 4,800 employees and a fleet of 2,900 vehicles.
Olivier Nicollin and Laurent Nicollin said: “After more than 80 years of family ownership, we are proud to begin this next chapter with Morgan Stanley Infrastructure Partners, a partner that shares our vision for the future of Nicollin.
“Together, we will continue investing in growth, innovation and the environmental transition while preserving the values and culture that have shaped our company for three generations. By retaining an ownership stake, our family remains committed to supporting Nicollin and its teams for the long term.”
Alfonso Gómez-Acebo, managing director at Morgan Stanley Infrastructure Partners, said: “We are thrilled at the prospect to partner with the Nicollin Family and management team through this strategic investment, which will support the next phase of the company’s growth.
“Nicollin provides essential environmental solutions across France, supported by long-standing local relationships and a strong reputation for execution quality. We look forward to supporting the company as it continues to invest in its people, fleet and infrastructure.”
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