Cederquist advises Budbee and its largest owner Kinnevik on the combination between Budbee and Instabox

The majority shareholders of Budbee and Instabox, two last-mile logistics platforms specialised for e-commerce businesses, have agreed to combine the business of Budbee and Instabox under the name Instabee.

The combined business is valued to approximately SEK 18 billion, and Kinnevik will become the largest owner. The combination is subject to certain closing conditions and is expected to close in Q4 2022.

Cederquist’s team is led by M&A partner Maja Wettergren and ECM counsel Henrik Wållgren, assisted primarily by associates Viktor Eriksson, Sebastian Hellesnes, Matilda Larsson, Johanna Wigfeldt and Axel Brismar. The team also includes partner Fredrik Lindblom (EU & Competition) and associate Sanna Widén (EU & Competition), partner Robert Stromberg (Employment & Benefits) as well as partner Per Henriksson (Financing).

For further information, please refer to the press release published by Budbee at https://budbee.com/eng/press/ and Kinnevik at https://www.kinnevik.com/newsroom.