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Porsche Sells Stakes In Bugatti Rimac To HOF Capital

Porsche Sells Stakes In Bugatti Rimac To HOF Capital

The parties agreed to keep the financial terms of the sale confidential.

2021 saw the formation of Bugatti Rimac, a combination of Rimac Group with the historic and cherished Bugatti brand that saw Rimac Group as the majority owner and Porsche as the minority stakeholder, with Porsche also holding stakes in Rimac Group. However, that arrangement is now changing, as Porsche and Rimac Group have announced the sale of Porsche’s stake in the Bugatti Rimac company and Rimac Group to HOF Capital.

The consortium includes BlueFive Capital as its largest investor, along with a group of institutional investors across the US and EU. Once the sale is complete, Rimac Group is set to take control of Bugatti Rimac while entering a strategic partnership with HOF Capital and BlueFive Capital. The transaction is set to be complete before the end of 2026.

While the deal is still subject to regulatory clearances and other customary conditions precedent, the announcement of the sale of Porsche’s stakes in Rimac Group and Bugatti mark the beginning of a new era for both the Bugatti brand and Rimac Group’s various businesses, including, of course, the Rimac Automobili manufacturer.

Already known for its mastery of performance-oriented EV tech and electric mobility innovation, Rimac’s hypercars have demonstrated a previously unprecedented level of performance potential for electric cars, and as Bugatti launches its Tourbillon hypercar, the same is being done for hybrid vehicles. A naturally aspirated V16 engine combining with electrified power is going to rewrite the rulebooks of automotive performance, as Bugatti’s 21st-century hypercars have done for over 20 years. With a new strategic partner, Rimac Group and Bugatti Rimac are poised to continue growing and evolving in the future.

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Image Source: Bugatti Rimac

Tyler Rampersaud