HOF Capital Completes €1 Billion Acquisition of Porsche’s Stakes in Bugatti Rimac and Rimac Group
9.9.2026 18:00:00 CEST | Business Wire | Press release
HOF Capital today announced the completion of its acquisition of Porsche’s equity interests in Bugatti Rimac and Rimac Group through an HOF-led consortium. The transaction, first announced in April 2026, closed following the satisfaction of all conditions, including regulatory clearances. Porsche’s combined interests were valued at approximately €1 billion.
HOF Capital originated and led the transaction, assembling a consortium of institutional investors from the United States and Europe. Following completion of the transaction, HOF holds a 23.5% stake and becomes the largest shareholder in Rimac Group, which holds the 55% controlling interest in Bugatti Rimac. HOF and its consortium also acquired Porsche’s direct 45% interest in Bugatti Rimac.
As part of the investment, HOF Capital holds three supervisory board seats across Rimac Group and Bugatti Rimac. Hisham Elhaddad, Co-Founder and Managing Partner of HOF Capital, has joined the Supervisory Boards of both Bugatti Rimac and Rimac Group. Josh Klaczek, Partner at HOF Capital, joins the Rimac Group Supervisory Board as the firm’s second representative.
Hisham Elhaddad, Co-Founder and Managing Partner of HOF Capital commented: “This transaction reflects exactly the kind of partnership HOF was built for – backing durable, category-defining businesses across industries. Bugatti’s position at the apex of personal luxury and bespoke craftsmanship is especially compelling as we enter an era defined by abundance. We are excited to be partnering with a world-class leader in Mate Rimac and his exceptional team to enhance the value of this iconic brand. For HOF, this deal marks a natural extension of our venture roots into leading complex transactions across the capital structure.”
Mate Rimac, CEO of Bugatti Rimac: “This is an important step for Bugatti Rimac and the entire Rimac Group. I am delighted that HOF Capital and its consortium are becoming our partners in the next phase of our Group's development, and I look forward to working together to realize the full potential of our companies. We have made strong progress across all companies in the Group, and I believe this partnership gives additional momentum to our continued growth.”
ABOUT BUGATTI
Founded in 1909 by Ettore Bugatti in Molsheim, France, Bugatti is one of the world’s most exclusive automotive marques — synonymous with a singular blend of artistry, craftsmanship, and engineering excellence. Since 2021, the brand has operated as part of Bugatti Rimac, led by Chief Executive Officer Mate Rimac. Bugatti’s latest flagship, the Tourbillon, marks the beginning of a new chapter for the marque. Bugatti remains headquartered at its historic home in Molsheim, with additional operations in Zagreb, Croatia.
ABOUT RIMAC GROUP
Rimac Group is the majority shareholder of Bugatti Rimac, the sole owner of Rimac Technology and Rimac Energy, and a significant minority investor in Verne. Rimac Group companies employ over 2,000 employees, develop and produce Bugatti and Rimac branded hypercars as well as battery systems, powertrain systems, electronics, and stationary storage systems. Rimac’s headquarters is based on the outskirts of Zagreb, Croatia, with additional locations across Europe.
ABOUT HOF CAPITAL
HOF Capital is a New York-based investment firm with approximately $15 billion in AUM. The firm invests globally across venture capital and growth equity, partnering with companies from first check through IPO. HOF has backed several of today’s most consequential companies early on, including Anthropic and SpaceX, and invests thematically across AI, frontier technologies, critical infrastructure, and iconic brands. Its investor base spans Fortune 500 enterprises, financial institutions, and industry-leading founders worldwide. For more information, visit hofcapital.com.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment product, and shall not form the basis of or be relied on in connection with any investment decision.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260909929325/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Ant International, Mastercard and Visa Initiate Collaboration on Know-Your-Agent Interoperability to Scale Agentic Commerce10.9.2026 03:00:00 CEST | Press release
Ant International, Mastercard, and Visa have begun collaboration on a Know-Your-Agent (KYA) interoperability framework, designed to help card networks, digital wallet ecosystems, agent platforms and marketplaces streamline agent onboarding and identification across networks, based on shared principles while preserving each network's own verification and decisioning processes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260909003891/en/ Ant International, Mastercard and Visa initiate collaboration on Know-Your-Agent interoperability to scale agentic commerce AI agents are evolving from making recommendations to completing purchases on behalf of users. By 2030, AI agents are projected to orchestrate US$3 trillion to 5 trillion of global consumer commercei. Underlying the mega-trend is the KYA architecture of payment networks and service providers, which establishes requirements and accountability, verifies agent identities,
Andersen Global etablerer nyt medlemsvirksomhed i Frankrig9.9.2026 23:00:00 CEST | Pressemeddelelse
Andersen Global styrker sin tilstedeværelse i Frankrig med tilføjelsen af Andersen Société d'Avocats (Andersen in France), en medlemsvirksomhed baseret i Paris, der tilbyder integrerede juridiske ydelser til klienter i Frankrig og internationalt. Andersen in France tilbyder strategiske juridiske løsninger inden for selskabsskat, international skat, transfer pricing, moms og skatteprocesser og bistår klienter over hele verden. Under ledelse af de administrerende partnere Benoît Dambre og François Morazin håndterer det tværfaglige team også specialiserede områder som byplanlægning, fast ejendom, intellektuel ejendomsret og privatlivsbeskyttelse, bæredygtighed og ESG, EU-ret og sanktioner samt andre komplekse juridiske problemstillinger. "Vi ser juridisk rådgivning som mere end blot at håndtere umiddelbare udfordringer – det bør hjælpe klienter med at træffe kvalificerede beslutninger og opsøge muligheder med selvtillid," udtalte Benoît. "At blive en del af Andersen Global giver os muligh
Cyclic Materials Opens America’s First Commercial-Scale Facility Delivering Automated Rare Earth Magnet Recovery9.9.2026 22:09:00 CEST | Press release
The Mesa, Arizona facility deploys Cyclic Materials’ proprietary technology to process up to 25,000 metric tons of magnet-bearing products annually, creating a new domestic source of rare earth elements and copper, aluminum and steel for direct reintegration into U.S. manufacturing Cyclic Materials announced today the opening of its first commercial-scale rare earth magnet recycling facility in Mesa, Arizona, marking a major milestone in building domestic supply of rare earths and critical minerals. With an annual processing capacity of up to 25,000 metric tons of magnet-bearing end-of-life products, the facility produces Cyclic’s rare earth magnet material, Mag-Xtract™, and critical minerals such as copper and aluminum, and steel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260909142592/en/ Leaders gather to mark the opening of Cyclic Materials’ new facility in Mesa, Arizona. From left to right: Herbert Flores, Arizona C
Belkin Introduces Titan SmartShield Pro Collection for the New iPhone 18 Pro Lineup9.9.2026 21:00:00 CEST | Press release
New collection combines advanced Nano-Titan protection with options for crystal-clear viewing, enhanced screen privacy and blue-to-red light conversion Belkin, a leading consumer electronics brand for over 40 years, today introduced its new Titan SmartShield Pro collection, designed to protect and enhance the experience of the new iPhone 18 Pro lineup. The collection includes three distinct screen protectors – clear, Blue-to-Red and Bright Privacy – each combining advanced Nano-Titan Technology with premium anti-reflective properties, exceptional scratch resistance and up to 9 feet of impact protection.* This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260909094720/en/ Belkin Titan SmartShield Pro Blue-to-Red Light screen protector As smartphones become increasingly central to how people work, travel and connect, the Titan SmartShield Pro collection goes beyond traditional screen protection to address the different ways consum
PPAI Releases Landmark Study Showing Branded Merchandise Supports a $472 Billion Global Economic Footprint9.9.2026 19:24:00 CEST | Press release
First-of-its-kind Oxford Economics study reveals annual spending, jobs and tax contributions Branded merchandise connects brands and people every day, but its impact extends well beyond the products consumers wear, use, receive or purchase. A landmark study commissioned by Promotional Products Association International (PPAI) provides the first comprehensive look at the global economic ecosystem behind branded merchandise. Conducted by independent global advisory firm Oxford Economics, the Branded Merchandise Global Market Report measures the industry end to end, from manufacturing and decoration to distribution, retail, e-commerce, fulfillment, marketing and brand activation. Key findings: $338.3 billion was spent on branded merchandise globally in 2025. The industry supported $472.3 billion in global GDP. Branded merchandise supported 11.9 million jobs worldwide. The sector supported $141.3 billion in global tax revenues – roughly the same as the entire Swiss federal budget. “For yea
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom