A converter includes two switching stages coupled in series between positive and negative input terminals. A control circuit is configured for driving the switching stages based on an output voltage of the converter. A first switching stage includes two switches coupled in series between a positive input terminal and a first node. A capacitor and an inductor are coupled in series between the two switches and a positive output terminal. A third switch is coupled between a node between the capacitor and the inductor and the negative input terminal. A second capacitor is coupled between the first node and the negative input terminal. A second switching stage includes a second node coupled to the first node. Two additional electronic switches are coupled in series between the second node and the negative input terminal. A second inductor is coupled between the two additional switches and the positive output terminal.