A power converter and a method to convert between a first voltage at a first node and a second voltage at a second node is presented. The power converter has a flying capacitor, an inductor, a first switch, a second switch, a third switch, a fourth switch, and a fifth switch. Furthermore, the power converter has a control unit to control the first, second, third, fourth and fifth switches in a first sequence of operation phases to provide step-up conversion between the first voltage and the second voltage; and in a second sequence of operation phases to provide step-down conversion between the first voltage and the second voltage.