HOF Capital Leads Buyout of Porsche's Bugatti Rimac Stake

NEW YORK, NY – April 24, 2026 – In a landmark deal reshaping the landscape of ultra-luxury automobiles, Porsche AG has agreed to sell its entire stake in Bugatti Rimac and its parent, Rimac Group, to a consortium of investment firms led by New York-based HOF Capital. The transaction, signed today, marks a strategic pivot for Porsche and ushers in a new era of financial stewardship for the iconic Bugatti brand and the Croatian electric hypercar innovator.

The deal will see Porsche divest its 45% minority share in the Bugatti Rimac joint venture and its 20.6% stake in the wider Rimac Group. The acquisition is led by HOF Capital and includes Abu Dhabi-based BlueFive Capital as its largest investor. Upon completion, expected before the end of 2026 pending regulatory approvals, HOF Capital will become the largest shareholder in Rimac Group alongside its founder, Mate Rimac.

A New Era of Ownership

This acquisition signals a significant shift from traditional OEM partnership to backing from powerful global investment firms. HOF Capital, with over $10 billion in assets under management and a portfolio including frontier tech giants like SpaceX and Anthropic, brings a venture-focused mindset to the world of heritage automotive.

"For over a century, Bugatti has stood apart as a brand where heritage and innovation coexist at the highest level," said Hisham Elhaddad, Co-Founder and Managing Partner of HOF Capital. "We are proud to partner with Mate Rimac and his team to help shape the next chapter, balancing disciplined growth with a tradition of craftsmanship and originality that remains unmatched."

Joining HOF is BlueFive Capital, a global investment platform founded in late 2024 by private equity veteran Hazem Ben-Gacem. As the largest investor in the consortium, BlueFive underscores the growing influence of Middle Eastern capital in high-profile global assets.

"Bugatti is a monument to automotive obsession, born from Ettore Bugatti's pursuit of beauty and performance combined," stated Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital. "BlueFive Capital approaches this opportunity as more than simply a financial transaction, and we look forward to working alongside the entire Bugatti Rimac team to honor that legacy for generations to come."

Porsche's Strategic Refocus

For Porsche, the divestment is a calculated move to streamline its operations and double down on its primary objectives. The sale comes as the Stuttgart-based automaker navigates significant financial headwinds, including a sharp profit decline in 2025 attributed to US tariffs and weakening demand in China.

"Now, with the sale of our stake, we demonstrate, that we will focus Porsche on the core business," explained Dr. Michael Leiters, CEO of Porsche AG. He acknowledged Porsche's role as an early investor in Rimac, which helped develop Rimac Technology into a leading Tier-1 supplier. "We would like to thank Mate Rimac and his team for the constructive and trusting cooperation over the past years."

This strategic narrowing aligns with Porsche's evolving "double strategy," which seeks to balance the development of all-electric vehicles with the continuation of its popular internal combustion engine (ICE) and hybrid models. The company has recently adjusted its ambitious EV targets in response to a slower-than-anticipated market transition, rescheduling a next-generation EV platform and opting to launch a new SUV series with ICE and hybrid powertrains first. This divestment frees up capital and management focus, allowing Porsche to navigate market volatility with a more flexible product portfolio.

Fueling the Rimac Technology Empire

The infusion of capital from HOF and BlueFive is poised to supercharge the already ambitious plans of Mate Rimac, the visionary founder who started his company in a garage and grew it into a technological powerhouse. The new ownership structure removes the potential constraints of an OEM partner, providing Rimac with the autonomy and financial muscle to accelerate its diverse ventures.

"Porsche has been a crucial partner, and we are deeply grateful for their role in establishing Bugatti Rimac," said Mate Rimac, CEO of 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."

That vision extends far beyond the Bugatti and Rimac hypercars. The Rimac Group is a multi-faceted technology ecosystem employing over 2,000 people. Its Rimac Technology division is a key Tier-1 supplier to major automakers, recently announcing a landmark deal to provide next-generation battery packs for BMW. The division is at the forefront of innovation, developing advanced solid-state battery platforms that promise lighter weight and dramatically faster charging times, alongside new, ultra-compact e-Axle powertrain solutions slated for series production in 2026.

Beyond automotive components, the group is pushing into new energy and mobility sectors. Rimac Energy, launched in 2023, is developing stationary energy storage systems (ESS) to support power grids, with plans to scale production to over 10 GWh annually. Perhaps most audaciously, Rimac's separate Verne brand is set to launch a purpose-built, fully autonomous robotaxi service in Zagreb in the spring of 2026, aiming to deploy a fleet of 500 vehicles before expanding to other European and Middle Eastern cities. This new investment will provide critical fuel for these capital-intensive, high-growth initiatives, positioning Rimac as a leader not just in hypercars, but in the broader electrification and autonomy revolution.

The transaction places the future of one of the world's most storied automotive brands, Bugatti, firmly in the hands of a technology-driven group backed by forward-looking global finance. As the deal moves toward regulatory clearance, the automotive world will be watching closely to see how this new combination of Croatian innovation and international capital will drive the next century of performance and luxury.