Porsche agreed on 24 April to sell its 45% stake in Bugatti Rimac and its 20.6% holding in Rimac Group to an investor consortium led by New York-based HOF Capital, in which Abu Dhabi's BlueFive Capital is the largest investor.
Why HOF Capital-led consortium (with BlueFive Capital) is buying Bugatti Rimac (45%) and Rimac Group (20.6%) stakes
Porsche chief executive Michael Leiters said the sale would allow the company to focus on its core business. Mate Rimac said the new structure would let Bugatti Rimac execute its long-term vision faster, while HOF Capital described Bugatti as a brand where heritage and innovation coexist.
Deal terms and financing
The parties agreed to keep financial terms confidential, except where disclosure is required for financial reporting. Before the deal Rimac Group owned 55% of Bugatti Rimac and Porsche 45%.
Regulatory approvals and timing
Completion is subject to customary conditions and regulatory clearances and was expected before the end of 2026; no completion announcement was found in the sources reviewed by October 2026.
Market context
Bugatti Rimac was formed as a joint venture between Porsche and Rimac Group, the Croatian electric hypercar and technology company founded by Mate Rimac.
