Porsche AG has officially agreed to divest its 45% stake in the renowned supercar brand Bugatti Rimac, marking a complete exit from the joint venture that was established in collaboration with Croatian sports-car maker Rimac Group in 2021. In this deal, Bugatti Rimac was founded with Rimac owning a 55% majority stake, while Porsche held the remaining share. The transaction will see Porsche sell its stake to a consortium led by HOF Capital, a New York-based venture capital firm, with BlueFive Capital being its largest investor.
This development comes as the automotive industry faces increasing pressure to consolidate amid slowing growth rates, rising costs, and heightened margin pressures from tariffs and geopolitical challenges. According to Bain & Company, the value of automotive and mobility deals rebounded in the past year, surpassing $35 billion by the third quarter.
Additionally, Porsche will divest its 20.6% stake in Rimac Group as part of this transaction, signaling a full retreat from its investments in the Croatian electric hypercar manufacturer. Once the deal is finalized, Rimac Group will fully assume operational control of Bugatti Rimac and will partner strategically with BlueFive and HOF Capital to further the brand’s expansion.
In early trading on Friday, Porsche’s shares on the Frankfurt Stock Exchange fell by 1.6%. HOF Capital was co-founded by a member of Egypt’s billionaire Sawiris family, while BlueFive Capital is led by Hazem Ben-Gacem, a former executive at the investment firm Investcorp.
While the financial specifics of the deal remain undisclosed, Porsche CEO Michael Leiters acknowledged the significant contributions the company made to Rimac Technology, aiding its evolution into a prominent Tier-1 automotive technology provider. “With the sale of our stake, we are focusing Porsche on the core business,” Leiters stated.
Mate Rimac, CEO of Bugatti Rimac, expressed optimism regarding the future, remarking, “With the strong foundations [Porsche’s] support has provided, we now have a structure that allows us to execute even faster on our long-term vision.” Last year, Rimac had shown interest in acquiring Porsche’s stake, making an initial offer that valued the joint venture at over €1 billion (approximately $1.1 billion), according to Bloomberg.
Hazem Ben-Gacem, Founder and CEO of BlueFive Capital, emphasized their commitment to the brand, stating, “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.”
This strategic shift by Porsche reflects a broader trend in the automotive sector, where companies are reevaluating alliances and investments to navigate a rapidly changing marketplace. As Porsche narrows its focus back to core business areas, the future of Bugatti Rimac under Rimac’s leadership will be closely watched as it continues to innovate in the high-performance automotive space.
Categories: Automotive, Business, Finance
Tags: Porsche, Bugatti Rimac, HOF Capital, Rimac Group, Electric Cars, Automotive Industry
Original Source: https://www.cnbc.com/2026/04/24/porsche-bugatti-bluefive-hof-capital-european-supercar-automakers.html
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Publish Date: 2026-04-24 14:19:00
