• Morgan Stanley Infrastructure Partners agreed to acquire a majority stake in Nicollin Environnement, a family-owned French waste and environmental services group.
• The Nicollin family will retain a stake and stay involved in the business.
• Closing is targeted for Q4 2026, subject to consultation with employee bodies and regulatory clearances.
• Nicollin operates across France, serving about 360 public contracts and 8,000 private clients, supported by about 4,800 employees.
• Morgan Stanley plans to back fleet renewal and decarbonization, operational improvements, and expansion of municipal and corporate offerings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morgan Stanley published the original content used to generate this news brief via Business Wire (Ref. ID: 202607100305BIZWIRE_USPR_____20260709_BW318138) on July 10, 2026, and is solely responsible for the information contained therein.