HOF Capital has completed its consortium-led purchase of Porsche's stakes in Rimac Group and Bugatti Rimac, a transaction valuing the combined interests at approximately €1 billion. Behind the ownership change sit two different businesses: highly exclusive cars sold to individual customers, and engineering and components supplied to other automotive manufacturers.
Bugatti Rimac brings the Bugatti and Rimac car brands together under chief executive Mate Rimac. At Bugatti, the near-term operating milestones include its new Molsheim production facility, opened in July, and the final testing phase of the Tourbillon. The company describes the ownership transition as part of a longer-term production and product plan, not simply a financial reshuffling of a heritage name.
The broader Rimac Group also owns Rimac Technology, which develops batteries, electric drive systems and electronics. Its BMW relationship illustrates the industrial side of the business: the companies announced in April that a jointly developed battery system for the new i7 was being manufactured at the Rimac Campus near Zagreb. That operation depends on production lines, supply-chain execution and automotive quality requirements, a different commercial model from selling a small number of bespoke cars.
HOF's September 9 announcement says it now holds 23.5% of Rimac Group and is its largest shareholder. Rimac Group retains its 55% majority interest in Bugatti Rimac, while the HOF-led consortium acquired Porsche's direct 45% stake in that joint venture. BlueFive Capital is the consortium's largest investor, according to Rimac. Those percentages describe different entities and cannot be added into one cap-table row.
The change also brings board and management appointments. HOF says Hisham Elhaddad has joined both companies' supervisory boards and Josh Klaczek has joined Rimac Group's board. Rimac's announcement says Mate Rimac will take the presidency of Bugatti Automobiles, with Marko Brkljačić planned as Bugatti Rimac's chief operating officer.
Porsche says the sale generated approximately €1 billion of proceeds for the seller. Captables is therefore not treating that figure as a new operating-company funding round. The transaction changes who participates in the value of the businesses; it does not, by itself, establish an equivalent amount of fresh cash available for their factories or product development.