Overview
- Porsche agreed to sell its Bugatti Rimac and Rimac Group stakes in a Friday agreement with an HOF Capital–led consortium that includes BlueFive Capital.
- The transaction covers Porsche’s 45% holding in Bugatti Rimac and its 20.6% stake in Rimac Group.
- After closing, Rimac Group would take operational control of Bugatti Rimac while HOF becomes the largest Rimac Group shareholder alongside founder Mate Rimac.
- Completion is expected before the end of 2026 subject to regulatory clearances, and the parties kept financial terms confidential.
- Bugatti Rimac was formed in 2021, and HOF and BlueFive manage funds with more than $10 billion and $15 billion in assets that would join as major backers.