Porsche AG exits Bugatti Rimac and Rimac Group in a deal led by BlueFive Capital, refocusing on core business as Rimac takes full control.
LONDON: German carmaker Porsche AG has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, with BlueFive Capital as the largest investor, marking a strategic shift to refocus on its core business.
The deal will see Porsche fully divest its 45% stake in Bugatti Rimac, a joint venture established in 2021 with Rimac Group, as well as its 20.6% holding in Rimac Group.
The consortium backing the acquisition comprises institutional investors from the United States and Europe.
Following completion of the transaction, Rimac Group is expected to assume full control of Bugatti Rimac and enter into a strategic partnership with BlueFive Capital and HOF Capital to support future growth.
Bugatti Rimac was formed as the home of the iconic Bugatti marque, combining Rimac’s electric technology expertise with Bugatti’s heritage in high-performance automotive engineering.
Porsche’s early investment in Rimac Group played a key role in developing its technology arm into a Tier-1 automotive supplier.
BlueFive Capital founder and chief executive officer Hazem Ben-Gacem described Bugatti as a monument to automotive obsession.
“BlueFive Capital views the acquisition as more than a financial transaction and aims to preserve the brand’s legacy for future generations,” he said.
Porsche chief executive officer Dr Michael Leiters said the joint venture had laid a strong foundation for Bugatti’s future, noting that Porsche’s involvement helped scale Rimac Technology into an established player in the automotive sector.
“The divestment would allow Porsche to sharpen its focus on its core operations,” he said.
Meanwhile Bugatti Rimac chief executive officer Mate Rimac acknowledged Porsche’s role as a “crucial partner” in building the joint venture.
He said the new ownership structure would enable the company to accelerate its long-term strategy while continuing collaboration with its new investors.
