Morgan Stanley Infrastructure takes majority stake in Nicollin
Founded in 1945, the company provides waste collection, urban cleaning, and water solutions to municipalities and businesses through a national network of local centers, with the Nicollin family retaining a stake.
Takeaways
- Nicollin is a French environmental services platform for waste collection, urban cleaning, and water solutions.
- Morgan Stanley Infrastructure Partners is acquiring Nicollin.
- The target serves municipalities and businesses across France.
Morgan Stanley Infrastructure Partners has acquired a majority stake in Nicollin, a French environmental services platform providing waste collection, urban cleaning, and water solutions to municipalities and businesses.
Founded in 1945 and led by the Nicollin family for three generations, the company manages approximately 360 public contracts and 8,000 private clients across France, supported by roughly 4,800 employees and a fleet of 2,900 vehicles.
The Nicollin family will retain an ownership stake and continue supporting the company’s next phase of growth.
MSIP plans to back operational excellence, fleet decarbonization, and circular economy initiatives alongside the management team.
“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,” said Alberto Donzelli, Co-Head of Europe for Morgan Stanley Infrastructure Partners.
Clifford Chance served as legal counsel to the Nicollin family, with Rothschild & Co acting as financial advisor.
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