Circular Infrastructure Agreements

Morgan Stanley Infrastructure Partners entered into exclusivity to acquire a majority stake in Nicollin Environnement, a family-owned French circular-economy waste management platform that has operated waste collection, urban cleaning, and water services since 1945. The Nicollin family will remain invested alongside MSIP, continuing to support the company's next phase of growth after more than three generations of ownership.

MSIP plans to work with the family and management team to renew and decarbonize the fleet and to strengthen the company's environmental service offerings for municipalities and businesses.

As institutional investors increasingly target essential environmental infrastructure, this acquisition signals growing confidence in circular-economy platforms as resilient, long-term investments that combine steady contractual revenue with meaningful decarbonization potential.

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