Porsche Sells 45% Stake In Bugatti Rimac To HOF Capital And BlueFive Capital
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See Similar DealsPorsche Sells 45% Stake In Bugatti Rimac To HOF Capital And BlueFive Capital
Summary
Porsche AG is selling its 45% stake in Bugatti Rimac and its 20.6% stake in Rimac Group to a consortium led by HOF Capital, with BlueFive Capital as the largest investor. Financial terms were not disclosed, and the transaction is positioned as a strategic backing rather than a quantified capital raise. This move concludes Porsche’s involvement in the 2021 joint venture with Rimac Group.
Summary of transaction details:
- Deal Type: Sale of Stakes
- Transaction Amount: Not disclosed
- Purchaser: Consortium led by HOF Capital
- Notable Investor: BlueFive Capital
- Seller: Porsche AG
Porsche AG’s refocus on its core business is underscored by CEO Michael Leiters' comments. Bugatti Rimac, under CEO Mate Rimac, will maintain full operational control of the joint venture, aiming for a structured execution of long-term plans. BlueFive Capital founder Hazem Ben-Gacem considered the deal a legacy-focused investment.
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