Porsche sells its stake in Bugatti to HOF Capital

Porsche has said that it will be selling its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm.

Bugatti Rimac was established as a joint venture in 2021 by Porsche and Rimac Group, which saw both brands hold a stake of 45% and 55% respectively.

And as part of this transaction, Porsche will fully divest its equity stakes in Bugatti Rimac and Rimac Group to the HOF Capital-led consortium. This includes BlueFive Capital as its largest investor, as well as a group of institutional investors across the U.S.A and the European Union.

Following completion, Rimac Group is set to take control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to support its continued growth. HOF Capital will additionally join Rimac Group as the largest shareholder alongside Mate Rimac, founder of Rimac and CEO of Bugatti Rimac.

Subject to regulatory clearances, the completion of this transaction is expected to occur before the end of 2026.