Porsche has confirmed the sale of its remaining stakes in Bugatti Rimac and the Rimac Group to a consortium led by New York-based HOF Capital, marking the final exit from the French luxury marque after a five-year partnership. The announcement on April 24, 2026, follows Volkswagen’s 2021 divestment of its majority share in Bugatti, completing a clean break for the Stuttgart-based sports carmaker. The transaction, while signed, remains conditional on regulatory approvals expected to clear later this year.
Under the original 2021 structure, Porsche held 45 percent in the Bugatti Rimac joint venture and an additional 20.6 percent directly in the Rimac Group, while Mate Rimac’s company retained 55 percent of the joint entity. Now, Porsche is exiting both positions entirely, transferring ownership to a group that includes BlueFive Capital as the largest single investor and institutional backers from the United States and the European Union. HOF Capital, backed by Egypt’s Sawiris family — major shareholders in Adidas — will assume a leading role, with Nassef Sawiris set to become chairman of the supervisory board in May.
For Porsche, the move sharpens focus on its core sports car and electric vehicle ambitions. Chief Executive Michael Leiters framed the divestment as a natural progression: the joint venture had served its purpose in launching Bugatti’s next chapter and developing Rimac’s technology as a Tier-1 automotive supplier. This echoes the 2021 shift when Volkswagen sold its Bugatti stake to Rimac, ending decades of direct ownership and transferring control to the Croatian innovator.
From Rimac’s perspective, the deal enables greater autonomy. Mate Rimac thanked Porsche as a “decisive partner” but signaled intent to accelerate the brand’s vision under new ownership, aiming to reduce or eliminate Porsche’s influence entirely — a goal he had reportedly pursued for over a year. Post-transaction, Rimac Group will accept full control of Bugatti Rimac and pursue a strategic alliance with HOF Capital and BlueFive Capital to fund expansion, positioning HOF as a top shareholder alongside the founder.
Why is Porsche exiting Bugatti Rimac now?
Porsche states it has achieved its original goals with the joint venture: helping shape Bugatti’s future and developing Rimac Technology as a key automotive supplier, allowing a refocus on its core sports car and EV business.
What happens to Bugatti Rimac after the sale?
The Rimac Group will assume full control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to finance growth, with HOF Capital becoming a major shareholder alongside Mate Rimac.
