Porsche has reached an agreement to divest its stakes in Bugatti Rimac and Rimac Group to a consortium spearheaded by HOF Capital. The relevant pacts were executed on April 24th, with the transaction’s finalization anticipated subsequent to necessary approvals, expected before the close of 2026.
The German car manufacturer, Porsche, has publicly announced the sale of its shareholdings in both Bugatti Rimac and Rimac Group to a group of investors led by the New York-based HOF Capital, according to separate press releases issued by Porsche and Blue Five Capital, which is part of the consortium. Under the terms of this declared transaction, Porsche will completely exit its ownership positions in both entities.
The agreements pertaining to these transfers were formally signed on the 24th of April. The deal is slated to be concluded by the end of 2026, contingent upon the fulfillment of standard prerequisites, which include securing all requisite regulatory clearances, as stated in the official company announcement.
Bugatti Rimac was established in 2021 as a joint venture between Porsche and Rimac Group, tasked with the advancement of the exclusive, high-end hypercar brand, Bugatti. Presently, Porsche holds a 45% stake in Bugatti Rimac, with Rimac Group owning 55%. Furthermore, Porsche maintains a minority holding of 20.6% in the overarching Rimac Group.
The investing consortium, in addition to HOF Capital, encompasses BlueFive Capital (identified as the lead investor) and a collection of institutional backers originating from both the United States and the European Union. Upon the successful closure of this exchange, Rimac Group is set to gain ultimate oversight of Bugatti Rimac and, as noted in the communiqué, will forge a strategic alliance with HOF Capital and BlueFive Capital to fuel ongoing expansion. HOF Capital will also ascend to become the principal shareholder in Rimac Group, alongside Mate Rimac, the founder of Rimac and CEO of Bugatti Rimac.
The financial valuation associated with this transaction has been deliberately kept confidential by the involved parties, except where mandatory reporting regulations dictate disclosure.
Michaeltters, CEO of Porsche AG, commented that the initiation of this joint venture successfully “laid the groundwork for Bugatti’s future,” and that Porsche’s early involvement in Rimac Group “made a substantial contribution” to the evolution of Rimac Technology.
Mate Rimac, offering commentary on the development, emphasized that Porsche served as a “pivotal partner” in establishing Bugatti Rimac, and that the resulting corporate configuration will enable the company to realize its long-term vision “at an even quicker pace.” Hisham Elhaddad, co-founder and Managing Partner at HOF Capital, stated that the investors are “proud to partner” with the Rimac team for Bugatti’s “next chapter.” Hazem Ben-Gacem, founder of BlueFive Capital, underscored his perspective that participating in this venture is viewed as “something more than merely a financial transaction.”
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