Porsche AG has finalized the sale of its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm, with Abu Dhabi-based BlueFive Capital as the largest investor. This transaction, initially agreed upon on April 24, 2026, marks Porsche's full divestment from both entities, allowing it to concentrate on its core automotive business. The consortium also includes other institutional investors from the US and EU.
Prior to this sale, Porsche held a 45% minority stake in the Bugatti Rimac joint venture, which was established in 2021 with Rimac Group to oversee the Bugatti brand. Additionally, Porsche maintained a 20.6% stake in Rimac Group itself. The sale means the end of Volkswagen Group's influence over Bugatti, which began when Volkswagen acquired the French automaker in 1998.
Following the completion of this transaction, Rimac Group will take full control of Bugatti Rimac. HOF Capital will also become a significant shareholder in Rimac Group, alongside founder and CEO Mate Rimac. The financial terms of the deal have not been publicly disclosed, with parties agreeing to keep them confidential unless required by financial reporting obligations. Regulatory clearances for the transaction were expected to be finalized before the end of 2026.
Porsche CEO Dr. Michael Leiters stated that the sale demonstrates the company's intent to focus on its core business, acknowledging Porsche's role in establishing Bugatti Rimac and developing Rimac Technology. Mate Rimac expressed gratitude for Porsche's partnership, noting that their support provided a strong foundation for Bugatti Rimac's future growth and long-term vision under the new ownership structure. The sale follows a reported decline in Porsche's profits in 2025 compared to 2024, prompting strategic asset divestments.
