Ara Partners and CycleØ Acquire FNX Liquid Natural Gas to Form European Biomethane Platform

March 21, 2022

Ara Partners has partnered with Laurence Molke to create CycleØ Group and acquired FNX Liquid Natural Gas S.L., a Bilbao-based provider of biogas upgrading and liquefaction technologies. The transaction establishes CycleØ as a European biomethane platform focused on bio-G2V (vehicle) and bio-G2G (grid) markets, scaling biomethane production from agri-food and livestock waste.

Buyers
Ara Partners, CycleØ Group Limited
Targets
FNX Liquid Natural Gas S.L.
Platforms
CycleØ Group Limited
Industry
Renewable Energy
Location
Basque Country, Spain
Transaction Type
Buyout

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