Ara Partners, a private equity firm, agreed to acquire FNX Liquid Natural Gas, a provider of renewable energy solutions. Financial terms are not disclosed. "Laurence has a long and highly successful track record as a developer of industrial-scale renewable energy projects in Europe. He and his team have developed and built pioneering projects in the use of biomass and direct carbon capture. Farming is essential to Europe economically and culturally. We are pleased to be working with CycleØ to build a business that will make an immediate and material contribution to meeting Europe's climate objectives, while supporting one of its most vital sectors as it becomes more sustainable and circular in its methods of production," Christopher Picotte, Ara Partner.