– Porsche has agreed to sell its equity stakes in BUGATTI Rimac and Rimac Group to a consortium led by HOF Capital (New York-based).
– Transaction agreements were signed on April 24.
– Completion is subject to customary conditions, including regulatory approvals.
– Bugatti Rimac was created in 2021 as a joint venture between Porsche and Rimac Group.
– Ownership structure before the deal:
Porsche: 45% stake in Bugatti Rimac
– Rimac Group: 55% stake in Bugatti Rimac
– Porsche also holds a 20.6% stake in Rimac Group
– Under the agreement:
Porsche will fully divest its stakes in both Bugatti Rimac and Rimac Group
Buyer consortium is led by HOF Capital and includes BlueFive Capital (largest investor) and other institutional investors from the US and EU
– Post-transaction structure:
Rimac Group will take control of Bugatti Rimac
HOF Capital and BlueFive Capital will form a strategic partnership with Rimac Group
HOF Capital becomes a major shareholder in Rimac Group alongside Mate Rimac (founder and CEO of Bugatti Rimac)
– Expected timing:
Completion targeted before the end of 2026, subject to regulatory approvals
– Financial terms:
Remain confidential, except where disclosure is legally required
– Dr. Michael Leiters (Porsche AG CEO): Porsche is refocusing on its core business and acknowledges its role in establishing Bugatti’s future and developing Rimac Technology, while thanking Mate Rimac and his team for cooperation
– Mate Rimac (CEO, Bugatti Rimac): Highlights Porsche’s key role in building the joint venture and emphasizes that the new structure enables faster execution of long-term vision
– Hisham Elhaddad (HOF Capital): Describes Bugatti as a blend of heritage and innovation and emphasizes disciplined growth while preserving craftsmanship
– Hazem Ben-Gacem (BlueFive Capital): Frames the investment as a long-term commitment to Bugatti’s legacy beyond a financial transaction
