Skip to content

Morgan Stanley Infrastructure Set to Acquire Sacyr's Environmental Services Unit

Morgan Stanley Infrastructure Partners (NYSE: MS) is considering securing a major deal to acquire Valoriza Servicios Medioambientales, Sacyr's waste management unit, for an estimated value close to $644.8 million, including debt.

Morgan Stanley
Morgan Stanley

Morgan Stanley Triumphs in Sacyr's Auction

Morgan Stanley Infrastructure has edged out competitors in an auction organized by Valoriza's owner, the Spanish construction firm Sacyr. The auction began in February, and insiders confirmed Morgan Stanley's lead on Sunday. This move could boost the financial institution's environmental footprint by adding a significant waste management service to its portfolio.

Valoriza Servicios Medioambientales - A Leading Name in Waste Management

Valoriza Servicios Medioambientales, the unit in focus, has carved out a niche for itself in the waste recycling sector. The company specializes in managing many services in the waste recycling chain, ranging from collection to treatment and management of waste.

Finalizing the Deal - A Matter of Financing and Negotiations

According to sources, if all goes well in terms of negotiations and financing arrangements, the announcement of this acquisition could be on the newsstands as early as next week. However, these sources also warned about the possibility of a no-deal scenario due to the confidential nature of the discussions.

Advisers Behind the Big Move

The primary stakeholders in this deal, Sacyr and Morgan Stanley Infrastructure Partners have relied on seasoned advisers for guidance. Sacyr turned to Santander (BME: SAN) and Nomura for advice, while Morgan Stanley Infrastructure worked closely with Deutsche Bank (ETR: DBKGn).

Sacyr's Strategic Move to Accelerate Growth

Sacyr, also actively seeking partners for its facility services unit and water subsidiary, has indicated plans to use the proceeds from the sales to fuel growth in its concession infrastructure business. This strategic decision aims to accelerate the company's expansion in the highly competitive infrastructure sector.