Private Equity Firm Energy

Morgan Stanley Infrastructure Partners

New York, New York, United States

Morgan Stanley Infrastructure Partners (MSIP) is the infrastructure investing platform within Morgan Stanley Investment Management, focused on acquiring and investing in essential infrastructure assets and operating businesses across sectors such as digital infrastructure, transport, energy transition and utilities.

Focus Areas
Digital infrastructure, Transport infrastructure, Energy transition infrastructure

Tracked deals

13

13 tracked deals across 2020-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

7 buyout · 4 growth capital · 1 divestiture

Morgan Stanley Infrastructure Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Morgan Stanley Infrastructure Partners. 2 2020 1 2021 1 2022 2 2023 2 2024 2 2025 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 13 tracked deals for Morgan Stanley Infrastructure Partners.

  • Buyer
    Morgan Stanley Investment Management (through funds managed by Morgan Stanley Infrastructure Partners)
    Target
    Epic Energy
    Industry
    Infrastructure
    Location
    South Australia, Australia
    Type
    Buyout

    Morgan Stanley Investment Management, through funds managed by Morgan Stanley Infrastructure Partners, has agreed to acquire Epic Energy, an Australian gas pipeline operator. The deal is expected to close in the second half of 2026, subject to regulatory approvals, and financial terms were not disclosed.

  • Buyer
    Morgan Stanley Investment Management (via Morgan Stanley Infrastructure Partners)
    Target
    Nicollin Environnement
    Seller
    Nicollin family
    Location
    France
    Type
    Buyout

    Morgan Stanley Investment Management, through Morgan Stanley Infrastructure Partners (MSIP), has entered into exclusivity and committed to acquire a majority stake in Nicollin Environnement. Nicollin, a family-owned French environmental services platform, is expected to continue with the Nicollin family remaining invested alongside MSIP as the company advances growth, operational excellence, and fleet decarbonization.

  • Buyer
    Morgan Stanley Infrastructure Partners (MSIP), Pembina Pipeline Corporation, Kineticor Asset Management
    Target
    Greenlight Electricity Centre
    Industry
    Energy
    Location
    Alberta, Canada

    Funds managed by Morgan Stanley Infrastructure Partners (MSIP) invested in the Greenlight Electricity Centre, a 932-megawatt gas-fired combined cycle power generation project in Sturgeon County, Alberta. MSIP is investing alongside Pembina Pipeline Corporation and Kineticor Asset Management, with Pembina and MSIP each taking a 47.5% ownership stake and Kineticor taking the remaining 5%.

  • Buyer
    GI Partners (GI Data Infrastructure), Hamilton Lane (funds managed by), Morgan Stanley Infrastructure Partners (existing investor mentioned)
    Target
    Flexential
    Industry
    Cloud & SaaS

    Flexential, a U.S.-based data center and colocation provider, raised additional primary equity via a continuation vehicle and strategic investment led by GI Partners’ GI Data Infrastructure team with participation from funds managed by Hamilton Lane. Combined with prior funding from Morgan Stanley Infrastructure Partners, Flexential’s total primary equity raised reaches roughly $1 billion to accelerate site acquisition, secure power commitments, and advance over 110 MW of data center projects while scaling its FlexAnywhere platform.

  • Buyer
    Morgan Stanley Infrastructure Partners
    Target
    Torch Clean Energy
    Industry
    Energy

    Morgan Stanley Infrastructure Partners (MSIP) has made a strategic investment in Torch Clean Energy to support the company's transition from a development platform into an integrated clean power platform with capabilities across development, construction and asset management. The capital will help Torch scale operations, expand construction and operations management, procurement and project finance capabilities and pursue growth in key U.S. markets such as the Mid-Atlantic and the desert Southwest.

  • Buyer
    Morgan Stanley Infrastructure Partners (MSIP), GI Partners
    Target
    Flexential
    Industry
    Infrastructure

    Flexential, a US data center and digital infrastructure provider, has received a strategic common-equity investment from Morgan Stanley Infrastructure Partners (MSIP), which will partner as a co-control investor alongside existing investor GI Partners to provide primary capital to accelerate expansion. The capital will fund growth of Flexential's FlexAnywhere platform, active development of its national data center footprint, and support demand from enterprise, cloud and AI workloads. The transaction is expected to close in Q4 2024 subject to regulatory approvals.

  • Buyer
    Morgan Stanley Infrastructure Partners (MSIP), Morgan Stanley Investment Management (MSIM)
    Target
    Onslow Iron Road Trust
    Seller
    Mineral Resources Limited
    Industry
    Infrastructure
    Location
    Western Australia, Australia

    Morgan Stanley Infrastructure Partners (through funds managed by Morgan Stanley Investment Management) agreed to acquire a 49% stake in Onslow Iron Road Trust, with Mineral Resources Limited retaining a 51% majority interest. The Road Trust owns a ~150-kilometer private haul road linking the Onslow Iron project to Ashburton Port in the Pilbara, an asset expected to support ramp-up to 35 Mtpa of iron ore and provide an inflation‑protected cash yield.

  • Buyer
    Morgan Stanley Infrastructure Partners (MSIP)
    Target
    UltraEdge
    Seller
    Altice France S.A., SFR S.A.
    Industry
    Infrastructure
    Location
    Île-de-France, France

    Morgan Stanley Infrastructure Partners (MSIP) has entered into an exclusivity agreement to acquire a majority interest in UltraEdge, a portfolio of 257 distributed data centers being carved out from SFR (a subsidiary of Altice France). The deal, subject to regulatory approvals, will create the first nationwide independent edge colocation provider in France and MSIP will partner with Altice France to upgrade infrastructure and increase density to capture rising demand for ultra-low latency connectivity.

  • Buyer
    Morgan Stanley Infrastructure Partners (MSIP) / Morgan Stanley Investment Management
    Target
    Valoriza Servicios Medioambientales S.A.
    Seller
    Sacyr, S.A.
    Location
    Community of Madrid, Spain
    Type
    Buyout

    Morgan Stanley Investment Management, through funds managed by Morgan Stanley Infrastructure Partners (MSIP), completed the acquisition of Valoriza Servicios Medioambientales S.A. from Sacyr, S.A. The transaction gives MSIP control of a leading Spanish waste-management and treatment business (operating concession-based municipal contracts and waste-to-energy/recycling facilities) with operations across Spain, Australia and Colombia and approximately 11,000 employees.

  • Buyer
    Morgan Stanley Infrastructure Partners
    Target
    StraitNZ Holdings Limited
    Seller
    CPE Capital
    Industry
    Transportation
    Location
    New Zealand
    Type
    Buyout

    Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) have acquired StraitNZ Holdings Limited, the operator of Bluebridge Cook Strait ferries and related freight/logistics services across New Zealand's Cook Strait. MSIP said the acquisition adds a strategic, asset-backed transportation business that connects the North and South Islands and supports New Zealand's logistics supply chain.

  • Buyer
    Morgan Stanley Infrastructure Partners (MSIP)
    Target
    SpecialtyCare, Inc.
    Seller
    Kohlberg & Company, LLC
    Type
    Buyout

    Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) have acquired SpecialtyCare, a U.S.-based provider of outsourced clinical services for hospital operating rooms, from Kohlberg & Company. MSIP said it will support SpecialtyCare’s growth and further invest in the company’s team and capabilities across its perfusion, ECMO, intraoperative neuromonitoring, sterile processing and surgical support services.

  • Buyer
    Morgan Stanley Infrastructure Partners
    Target
    Seven Seas Water
    Seller
    AquaVenture Holdings Limited, Culligan
    Industry
    Utilities
    Type
    Buyout

    Funds managed by Morgan Stanley Infrastructure Partners (MSIP) have acquired Seven Seas Water, a provider of Water-as-a-Service (WaaS) desalination, water treatment and wastewater reuse solutions. The deal — a carve-out from AquaVenture Holdings (which was acquired by Culligan) — was supported by a senior credit facility arranged by Comvest Credit Partners to refinance existing debt and support the acquisition.

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