STUTTGART, April 24, 2026 — Porsche AG has officially agreed to sell its total equity stakes in both Bugatti Rimac and Rimac Group to a global consortium led by the New York investment firm HOF Capital. The agreements were signed today, with the transaction pending customary regulatory approvals.
The New Ownership Structure
Since the joint venture’s inception in 2021, Porsche has held a 45% minority stake in Bugatti Rimac (with Rimac Group holding 55%) and a 20.6% stake in the Rimac Group.
Under the new agreement, Porsche will fully divest these holdings to the HOF Capital-led group, which includes BlueFive Capital as its largest investor alongside a suite of institutional investors from the United States and the European Union. Upon completion:
- Rimac Group will take control of Bugatti Rimac.
- HOF Capital will join Rimac Group as the largest shareholder alongside founder and CEO Mate Rimac.
- A strategic partnership will be formed between Rimac Group, HOF Capital, and BlueFive Capital to drive future growth.
Executive Perspectives
Dr. Michael Leiters, CEO of Porsche AG, noted that the move signals a strategic shift for the German automaker:
“In setting up the joint venture… we successfully laid the foundation for Bugatti’s future. Now, with the sale of our stake, we demonstrate that we will focus Porsche on the core business.”
Mate Rimac, CEO of Bugatti Rimac, expressed gratitude for the partnership:
“Porsche has been a crucial partner… 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.”
Hisham Elhaddad (HOF Capital) and Hazem Ben-Gacem (BlueFive Capital) both emphasized their commitment to Bugatti’s century-long heritage of craftsmanship and “automotive obsession,” looking toward a new chapter of disciplined growth.
Timeline and Terms
While financial specifics remain confidential, the parties expect the transaction to close before the end of 2026, subject to regulatory clearances. Porsche remains a constructive partner in the transition, marking the end of its tenure as a Tier-1 technology developer for the Rimac ecosystem.
