HOF Capital announced that it is leading a consortium to acquire Porsche’s equity stakes in Bugatti Rimac and Rimac Group, marking a significant shift in ownership of one of the most prominent high-performance automotive partnerships. The transaction, signed on April 24, remains subject to regulatory approvals and is expected to close before the end of 2026.
Under the terms of the agreement, Porsche will fully divest its holdings, which include a 45% stake in Bugatti Rimac and a 20.6% stake in Rimac Group. The acquiring consortium is led by HOF Capital and includes BlueFive Capital as a major investor, alongside institutional investors from the United States and Europe. Financial terms of the transaction were not disclosed.
Following completion, Rimac Group is expected to assume control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to support continued growth. HOF Capital will also become the largest shareholder in Rimac Group alongside founder and CEO Mate Rimac.
Bugatti Rimac was established in 2021 as a joint venture between Porsche and Rimac Group to oversee the Bugatti brand while advancing next-generation automotive technologies. Rimac Group also operates Rimac Technology and Rimac Energy, and plays a broader role in developing electric powertrains, battery systems, and mobility solutions.
The transaction reflects Porsche’s strategic decision to refocus on its core business while monetizing its early investment in Rimac. At the same time, it positions Rimac Group to accelerate its long-term vision with new financial partners and increased operational control.
HOF Capital, which manages more than $10 billion in assets, invests across venture capital and growth equity, with a focus on frontier technologies and globally recognized brands. BlueFive Capital, a global investment platform with approximately $15 billion in assets under management, brings additional institutional capital and international reach to the partnership.
The deal underscores continued investor interest in high-performance automotive innovation, particularly at the intersection of electrification, advanced engineering, and luxury branding.
KEY QUOTES:
“In setting up the joint venture Bugatti Rimac together with Rimac Group, we successfully laid the foundation for Bugatti’s future. And as an early-stage investor of Rimac Group, Porsche made a significant contribution to developing Rimac Technology into an established Tier-1 automotive technology company. Now, with the sale of our stake, we demonstrate, that we will focus Porsche on the core business. We would like to thank Mate Rimac and his team for the constructive and trusting cooperation over the past years.”
Michael Leiters, CEO, Porsche AG
“Porsche has been a crucial partner, and we are deeply grateful for their role in establishing Bugatti Rimac. With the strong foundations their support has provided, we now have a structure that allows us to execute even faster on our long-term vision. We look forward to our collaboration with our new partners.”
Mate Rimac, CEO, Bugatti Rimac
“For over a century, Bugatti has stood apart as a brand where heritage and innovation coexist at the highest level. We are proud to partner with Mate Rimac and his team to help shape the next chapter, balancing disciplined growth with a tradition of craftsmanship and originality that remains unmatched.”
Hisham Elhaddad, Co-Founder And Managing Partner, HOF Capital
“Bugatti is a monument to automotive obsession, born from Ettore Bugatti’s pursuit of beauty and performance combined. BlueFive Capital approaches this opportunity as more than simply a financial transaction, and we look forward to working alongside the entire Bugatti Rimac team to honor that legacy for generations to come.”
Hazem Ben-Gacem, Founder And CEO, BlueFive Capital
