Porsche sells Bugatti Rimac stakes to HOF Capital consortium
Porsche is fully exiting its joint venture Bugatti Rimac and its investment in Rimac Group, selling its stakes to a consortium led by HOF Capital.
- 45%
- 20.6%
- 55%
What Happened
Porsche has agreed to sell its equity stakes in Bugatti Rimac and the Rimac Group to a consortium led by HOF Capital, a New York-based investment firm. The agreements were signed on April 24, with completion expected before the end of 2026, subject to regulatory approvals.
Bugatti Rimac was established as a joint venture in 2021, with Porsche holding 45% and Rimac Group 55%. Porsche also held a 20.6% stake in Rimac Group. After the sale, Rimac Group will take control of Bugatti Rimac, while HOF Capital becomes the largest shareholder in Rimac Group alongside founder Mate Rimac.
“In setting up the joint venture Bugatti Rimac together with Rimac Group, 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.”
Why this matters
This deal reshapes ownership of the iconic Bugatti brand and shows Porsche refocusing on its core business after a successful partnership.
Terms in This Story
- joint venture
- A business arrangement where two or more parties share ownership and control of a company.
- stake
- An ownership share or equity interest in a company.
- consortium
- A group of companies or investors that work together on a common project or investment.
- Tier-1 supplier
- A company that supplies parts or systems directly to an automaker.
Summarised from the linked release; details can be imperfect — always verify against the original source.