HOF Capital has completed its acquisition of Porsche’s equity interests in Bugatti Rimac and Rimac Group through a consortium led by the New York-based investment firm. The transaction, first announced in April 2026, closed after all conditions were satisfied and required regulatory clearances were obtained. Porsche’s combined equity interests were valued at approximately €1 billion.
Closing Conditions and Valuation
The closing follows the April 2026 announcement and the completion of all regulatory and transactional conditions. With closing now effective, the HOF-led consortium formally acquires Porsche’s combined equity interests. The agreement values those interests at approximately €1 billion, reflecting a significant premium automotive transaction and marking one of the largest ownership changes in the sector.
Transaction Structure and Ownership
HOF Capital originated and led the investment, assembling a consortium of institutional investors from the United States and Europe. After completion, HOF holds a 23.5 percent stake and becomes the largest shareholder in Rimac Group, which retains a 55 percent controlling interest in Bugatti Rimac. The consortium also acquired Porsche’s direct 45 percent interest in Bugatti Rimac.
Board Representation and Governance
HOF Capital now controls three supervisory board seats across Rimac Group and Bugatti Rimac. Hisham Elhaddad, Co-Founder and Managing Partner of HOF Capital, joins the supervisory boards of both entities. Josh Klaczek, Partner at HOF Capital, serves as the firm’s second representative on the Rimac Group Supervisory Board, reinforcing its governance influence.
Executive Perspectives
Hisham Elhaddad said the transaction reflects the type of partnership HOF was built for, backing durable and category-defining businesses. He added that Bugatti’s position at the apex of personal luxury is particularly compelling. Mate Rimac described the partnership as an important step that provides additional momentum for growth across the group.
Company Profiles
Bugatti was founded in 1909 in Molsheim, France, and remains one of the world’s most exclusive automotive marques. Its latest flagship, the Tourbillon, marks a new chapter under Bugatti Rimac’s leadership. Rimac Group companies employ more than 2,000 people and develop hypercars, battery systems, powertrains, electronics, and stationary storage systems.
HOF Capital Profile
HOF Capital is a New York-based investment firm with approximately $15 billion in assets under management. It invests globally across venture capital and growth equity, partnering with companies from first check through initial public offering. The firm has backed companies such as Anthropic and SpaceX and focuses thematically on artificial intelligence, frontier technologies, critical infrastructure, and iconic brands.
Strategic Context and Market Significance
The investment highlights institutional investor appetite for premium automotive brands and advanced electrification technology. HOF Capital views the transaction as a natural extension of its venture roots into leading complex transactions across the capital structure. The partnership positions the consortium to support long-term value creation across the Rimac ecosystem.
Future Outlook
Mate Rimac said the new partnership gives additional momentum to the group’s continued growth and full potential. The companies expect to benefit from HOF Capital’s global network and financial resources. Leadership teams will work across strategic and governance channels to support the next phase of development for both Bugatti and Rimac.
The completed transaction marks a significant ownership shift for Bugatti Rimac and the broader Rimac Group. With HOF Capital and its consortium as partners, the companies gain access to new strategic and financial resources. Leadership on both sides expressed confidence that the partnership will strengthen momentum and unlock the full potential of their iconic brands.