Today, we're proud to announce that HOF Capital is leading a consortium to acquire Porsche's stakes in both Bugatti Rimac and Rimac Group. Upon completion, Rimac Group will assume control of Bugatti Rimac, and HOF Capital will join Rimac Group as its largest shareholder alongside Mate Rimac.
We first invested in Rimac in 2022, drawn to what Mate had built from a garage in Croatia into one of the most technically ambitious companies in the automotive industry: home to record-setting hypercars, a Tier-1 supplier of batteries trusted by leading global automakers, and, since 2021, the iconic Bugatti brand. Our conviction in Mate and his team has only deepened since.
We're honored to partner with him on the next chapter, one we believe will further cement Bugatti's place as an n-of-1 company for generations to come.
newsroom.bugatti.com/press-r…
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