Instabox and Budbee join forces in the new combined company Instabee
The two Swedish-founded companies, Instabox and Budbee, announce their intention to join forces under a new holding company, Instabee.
Instabee is valued at SEK 18 billion, and the founders will, together with Kinnevik, be the largest investors, a list that also contains Creades, EQT, Verdane, AMF, Stena Sessan, H&M, CNI Nordic, and Tham Invest, among others.
The transaction is subject to customary competition approval and is expected to close during 2022.
Mannheimer Swartling advised Instabox in the transaction.
