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Porsche Sells Bugatti Rimac and Rimac Group Stakes to HOF-Led Consortium

The move reflects Porsche's plan to refocus after a steep profit slump.

The Bugatti Chiron car made out of LEGO Technic blocks is pictured during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau/File Photo
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Overview

  • Porsche, which signed agreements Friday, will sell its 45% stake in Bugatti Rimac and 20.6% holding in Rimac Group to a consortium led by HOF Capital with BlueFive Capital as the largest investor.
  • After the deal closes, Rimac Group will take operational control of Bugatti Rimac, and HOF Capital will become Rimac Group’s largest shareholder alongside founder Mate Rimac.
  • The transaction requires regulatory approvals with completion targeted before the end of 2026, and all parties have kept the financial terms confidential.
  • Porsche said the exit lets it focus on its core business following a 93% drop in 2025 operating profit, with reporting citing weak China demand and U.S. tariffs as added pressure.
  • The sale would end Volkswagen Group’s direct involvement with Bugatti for the first time since 1998, concentrating brand stewardship under Rimac’s leadership.