Porsche sells Bugatti Rimac and Rimac Group stakes to HOF capital consortium

Porsche has agreed to sell its stakes in Bugatti Rimac and Rimac Group to a consortium led by US-based HOF Capital. This move ends the Volkswagen Group’s involvement in the Bugatti brand, which began with its acquisition in 1998. The agreements were signed on April 24, with completion pending regulatory approvals.

Key Highlights

• Porsche sells its Bugatti Rimac and Rimac Group stakes to HOF Capital consortium
• Volkswagen Group ends its involvement with Bugatti after 26 years
• Rimac Group to control Bugatti Rimac after transaction completion
• HOF Capital becomes largest Rimac Group shareholder alongside Mate Rimac
• Porsche shifts focus to core business after 93 percent profit decline

Details of the Stake Sale

Porsche will divest its entire 45 percent stake in Bugatti Rimac and its 20.6 percent holding in Rimac Group. Bugatti Rimac was established in 2021 as a joint venture between Porsche and Rimac Group. Rimac Group holds a 55 percent majority stake in the entity, which houses the Bugatti brand.

Once the transaction is complete, Rimac Group will control Bugatti Rimac. The group will also form a strategic partnership with the HOF Capital-led consortium. BlueFive Capital is the largest investor in the consortium, which also includes institutional investors from the US and EU.

HOF Capital will become the largest shareholder in Rimac Group alongside founder Mate Rimac. The financial terms of the deal have not been disclosed. Completion is expected before the end of 2026, subject to regulatory clearances.

Implications for Porsche and Bugatti

Porsche CEO Michael Leiters stated that the sale is part of a broader shift to focus on Porsche’s core operations. He noted that the joint venture with Rimac Group laid the foundation for Bugatti’s future. Leiters added that Porsche’s early investment helped Rimac Technology become an established Tier-1 automotive technology company.

Mate Rimac, CEO of Bugatti Rimac, acknowledged Porsche’s crucial role in establishing Bugatti Rimac. He said the new structure will allow faster execution of the company’s long-term vision. The partnership with HOF Capital and other investors is expected to support future growth for both Rimac and Bugatti.

The decision comes after a challenging year for Porsche. The company’s operating profit fell by 93 percent. Porsche is also considering changes to its product strategy, including expanding its portfolio into higher-margin segments. 

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CarBike 360 Says

​Porsche’s decision to divest its stake in Bugatti Rimac and Rimac Group signals a strategic shift as the automotive landscape rapidly evolves toward electrification. With HOF Capital stepping in, Rimac gains fresh financial backing and flexibility to expand its technological footprint. This move could redefine partnerships and competition in the high-performance EV and hypercar segment in the coming years.