Porsche Exits Bugatti Rimac - Sells Stake To HOF Capital-Led Consortium

German sportscar manufacturer Porsche has agreed to sell its entire equity stake in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm. The deal was signed on April 24, 2026, and is expected to be completed before the end of 2026, pending regulatory clearances.

The German automaker held a 45 percent minority stake in Bugatti Rimac - Rimac Group owns the remaining 55% and a separate 20.6 percent stake in Rimac Group. Both positions are being fully divested. Financial terms of the deal were not disclosed.

New Ownership Structure

HOF Capital leads the acquiring consortium, with BlueFive Capital as its largest investor alongside a group of institutional investors from the US and EU. Following the transaction, Rimac Group takes operational control of Bugatti Rimac and will form a strategic partnership with HOF Capital and BlueFive Capital.

HOF Capital will also join Rimac Group as its largest shareholder, alongside founder and CEO Mate Rimac. The firm's existing portfolio includes SpaceX, Anthropic, and Epic Games.

Why Porsche Is Exiting

Michael Leiters, CEO of Porsche AG: "In setting up the joint venture Bugatti Rimac together with Rimac Group, we successfully laid the foundation for Bugatti's future. And as an early-stage investor of Rimac Group, Porsche made a significant contribution to developing Rimac Technology into an established Tier-1 automotive technology company. Now, with the sale of our stake, we demonstrate that we will focus Porsche on the core business. We would like to thank Mate Rimac and his team for the constructive and trusting cooperation over the past years."

The timing follows Porsche reporting a 92.7 percent drop in operating profit - driven by a €3.9 billion charge, of which roughly €2.4 billion was allocated to new product development.The company also faces headwinds from US tariffs and competitive pressure in China.

Bugatti Rimac was established in 2021 as a joint venture between Porsche and Rimac Group, created to serve as the new operating home of the Bugatti brand. Porsche entered as a minority partner, with Rimac holding majority control from the outset.

Mate Rimac the CEO of Bugatti Rimac acknowledged the partnership's significance: the support provided by Porsche helped establish Bugatti Rimac's foundations. He said, "Porsche has been a crucial partner, and we are deeply grateful for their role in establishing Bugatti Rimac. With the strong foundations their support has provided, we now have a structure that allows us to execute even faster on our long-term vision. We look forward to our collaboration with our new partners."