Inveready combines Sercomgas, Easyner and Syneron into a new energy services group, SERCOM

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Inveready, through its Inveready Innvierte Private Equity II fund, has led a deal that puts three companies under one roof: Sercomgas Gas Solutions, EasySynergies (Easyner) and its technology arm Syneron Solutions. The combined business is called SERCOM, and Inveready describes it as Spain's first group offering integrated energy services. No price was given.

The logic is that gas and electricity each have one specialist, and now they share an owner. Sercomgas handles the day-to-day work of gas retailers, from licences and demand forecasting to balancing, billing and regulatory reporting, using its own cloud platform, Mercurio. It is present in sixteen European countries and has more than 180 clients. Easyner does the equivalent for Spain's electricity market, serving retailers, generators and market agents, with Syneron and Syneron360 as its software. It operates in Spain and Portugal and counts more than 300 offer units in its portfolio. Customers can outsource operations entirely or simply rent the software.

The founders and management teams stay on, including Javier Galindo, chief executive of Sercomgas, and Simona Sacripante, founder and chief executive of Easyner and Syneron. Carlos Conti, managing partner at Inveready, said the deal gives the companies "the scale and versatility" to pursue expansion across Europe. Cuatrecasas, Crowe Howarth and ILV advised Inveready, Barrilero y Asociados advised Sercomgas, and Fidenzis advised Easyner and Syneron. Inveready, founded in 2008, manages more than €2.7 billion.