Porsche to sell its stake in Bugatti joint venture.
Porsche has agreed to sell its stake in Bugatti Rimac and the Rimac Group to a consortium led by HOF Capital, a New York-based investment firm.
The related transaction agreement was signed and announced on April 24, 2026.
The completion of this transaction is subject to the fulfillment of the usual prerequisites, such as regulatory approval by the relevant authorities.
Let's look at the details below:
Porsche and the Rimac Group established Bugatti Rimac as a joint venture in 2021, which served as the base for the iconic Bugatti brand.
In this joint venture, Porsche holds a minority stake of 45%, while the Rimac Group owns 55%. Porsche also holds a stake of 20.6% in the Rimac Group.
As part of the deal announced that day, Porsche will sell all of its stake in Bugatti Rimac and the Rimac Group to a consortium led by HOF Capital (which includes BlueFive Capital as the largest investor, as well as a group of institutional investors from the United States and the EU).
Following the completion of the transaction, the Rimac Group will acquire control of Bugatti Rimac and plans to establish strategic partnerships with HOF Capital and BlueFive Capital to support its future growth.
Furthermore, HOF Capital is participating as the largest shareholder of the Rimac Group, alongside Mate Rimac, the founder of Rimac and CEO of Bugatti Rimac.
Subject to regulatory approval, the deal is expected to be completed by the end of 2026.
The parties have agreed to keep the financial terms of this transaction confidential, except where disclosure is required under applicable financial reporting obligations. Therefore, the financial details will remain private, but we can expect to find out the final amount involved when Porsche announces its financial results in the future.
Comments from each company
Each company has issued the following statement:
Michael Leiters, CEO of Porsche AG:
"By establishing the joint venture Bugatti Rimac with the Rimac Group, Porsche has successfully laid the foundation for Bugatti's future, and as an early investor in the Rimac Group, has made a significant contribution to the development of Rimac Technology into an established Tier 1 automotive technology company."
This sale of our stake demonstrates Porsche's commitment to focusing on its core business. I would like to thank Mate Rimac and his team for the constructive and trustworthy collaboration we have had over the past few years."
Bugatti Rimac CEO Mate Rimac:
"Porsche is an extremely important partner, and we are deeply grateful for the role they played in the establishment of Bugatti Rimac. Thanks to the strong foundation built with Porsche's support, we are now able to act more quickly than ever before to realize our long-term vision, and we look forward to collaborating with our new partner."
Hisham Elhaddad, Co-founder and Managing Partner of HOF Capital:
"For over a century, Bugatti has stood apart as a brand where tradition and innovation coexist at the highest level. We are proud to partner with Mate Rimac and his team to shape the next chapter of this brand, maintaining a balance between disciplined growth and a tradition of unparalleled craftsmanship and originality."
Hazem Ben-Gacem, Founder and CEO of BlueFive Capital:
"Bugatti symbolizes the passion for automobiles born from Ettore Bugatti's pursuit of combining beauty and performance. BlueFive Capital sees this opportunity not merely as a financial transaction, but as a way to work with the entire Bugatti Rimac team to carry on its legacy for future generations."
The reason Porsche relinquished its stake is
Porsche's operating profit in 2025 is projected to decrease by 931 TP1T.Currently, efforts are underway to restructure the strategy for recovery.
Given these circumstances, this sale is not just about improving short-term profits, but rather, as has been said, a move intended to optimize the brand portfolio so that Porsche can focus on its core business.
Having said that, I can't help but feel that improving short-term profits is indeed a pressing need...
Source:
◆(Official) Porsche sells its stakes in Bugatti Rimac and Rimac Group to international consortium
◆Porsche's Profits Fell 93%, So It's Selling Bugatti And Rimac
Related article:
◆Mate Rimac considering buying Porsche's 45% stake in Bugatti Rimac
◆Bugatti-Rimac officially established
◆ Bugatti-Rimac to be established: Bugatti-Rimac
◆Porsche 2025 Roundup: Annual Press Conference 2026
I'm Rika, the author of this article. Since I got my hands on a Porsche 911, I've been completely hooked on Porsches and I can't stop loving them, so I started this blog. My favorite cars are the 911 Carrera (2/991), 911 Carrera Cabriolet & 911 Carrera T (1/992), GT3 (1/997) and 718 Cayman GT4 RS.
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