HOF Capital Acquires Porsche’s Stakes in Rimac Group
They will lead a consortium acquiring Porsche’s equity stakes in Bugatti byRimac and Rimac Group.
New York based investment firm HOF Capital, led by its partners Hisham Elhaddad, Onsi Sawiris, and Fady Yacoub, has agreed to lead a consortium acquiring Porsche’s equity stakes in Bugatti Rimac and Rimac Group, marking a major ownership shift in the luxury automotive sector.
The agreement, signed on April 24th 2026, will see Porsche fully divest its 45% stake in Bugatti Rimac and its 20.6% stake in Rimac Group to a group of institutional investors from the US and EU led by HOF Capital.
Upon completion, Rimac Group will take control of the Bugatti Rimac joint venture, while HOF Capital will become the largest external shareholder alongside founder Mate Rimac.
The transaction is subject to regulatory approvals and is expected to close before the end of 2026.
While the deal is centered in the US and Europe, it reflects broader global investment trends that are increasingly relevant to MENA investors, particularly as regional capital continues to seek exposure to advanced mobility and deep-tech sectors.
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