Porsche Sells Stake In Bugatti Rimac To BlueFive Capital-Backed Consortium

KUALA LUMPUR, April 27 (Bernama) -- Porsche AG has agreed to sell its equity stake in Bugatti Rimac and its holding in Rimac Group to a consortium led by HOF Capital.

Porsche and Rimac Group established Bugatti Rimac in 2021 as a joint venture to serve as the home of the Bugatti brand. In the structure, Porsche holds a 45 per cent stake, while Rimac Group owns 55 per cent. Porsche also holds a 20.6 per cent stake in Rimac Group.

As part of the transaction, Porsche will fully divest its equity stakes in Bugatti Rimac and Rimac Group to the HOF Capital-led consortium that includes BlueFive Capital as its largest investor, alongside institutional investors from the United States and Europe, according to a statement.

BlueFive Capital Founder and Chief Executive Officer (CEO), Hazem Ben-Gacem said the firm views the investment as more than a financial transaction and aims to support the long-term legacy and growth of the Bugatti brand.

Meanwhile, Porsche AG CEO, Dr Michael Leiters said the sale will allow Porsche to sharpen its focus on its core business, while noting the partnership had helped lay the foundation for Bugatti’s future and contributed to the development of Rimac’s automotive technology capabilities.

Bugatti Rimac CEO, Mate Rimac said the new ownership structure would enable the company to execute its long-term vision more rapidly while building on the foundations established through Porsche’s support.

Following completion of the transaction, Rimac Group is set to take control of Bugatti Rimac and form a strategic partnership with BlueFive Capital and HOF Capital to support its continued growth.

-- BERNAMA