Porsche Divests Stake in Bugatti Rimac

Porsche to Sell Equity Stakes in Bugatti Rimac and Rimac Group

Recently, Porsche made a significant decision to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, an esteemed investment firm based in New York. The transaction agreement, finalized on April 24, marks a strategic move for the German automaker.

Joint Venture Formation

Back in 2021, Porsche and Rimac Group came together to establish Bugatti Rimac as a joint venture. Porsche held a minority stake of 45%, while Rimac Group possessed the majority share of 55%. Additionally, Porsche also held a 20.6% stake in Rimac Group, solidifying its position in the partnership.

Full Divestment to Consortium

With the latest development, Porsche has opted to fully divest its equity stakes in both Bugatti Rimac and Rimac Group to the consortium led by HOF Capital. This consortium includes BlueFive Capital as its largest investor, along with a group of institutional investors spanning the US and EU.

Strategic Partnership and Future Plans

Rimac Group is poised to take control of Bugatti Rimac following the divestment, forming a strategic partnership with HOF Capital and BlueFive Capital to bolster its ongoing growth trajectory. As part of the deal, HOF Capital will become the largest shareholder in Rimac Group, standing alongside Mate Rimac, the visionary founder of Rimac and CEO of Bugatti Rimac.