Porsche has sold its stakes in Rimac Group and in the Bugatti Rimac joint venture to an HOF Capital-led consortium, completing a transaction announced in April 2026. Christophe Piochon is leaving as Chief Operating Officer of Bugatti Rimac and President of Bugatti Automobiles, part of a restructured leadership team.

The venture was formed in 2021, split 55% to Rimac Group and 45% to Porsche, which separately held 21% of Rimac Group. BlueFive Capital is the consortium’s largest investor, alongside institutional backers in the US and Europe.

Mate Rimac adds the presidency of Bugatti Automobiles to his role as Chief Executive. Marko Brkljačić, previously Chief Operating Officer of Rimac Technology, is expected to become Chief Operating Officer, with Managing Director Hendrik Malinowski due to take on Chief Commercial Officer.

The changes come as the La Manufacture plant in Molsheim opened in July and Tourbillon testing enters its final stage. Both sit within the ten-year plan drawn up when Rimac took charge in 2021.

Mate Rimac said: “I am really happy that the deal with Porsche and HOF Capital has been completed. Porsche has been a very valuable partner for all these years, enabling us to build strong foundations for the future of the brand. I am really looking forward to our collaboration with HOF Capital, who will be a great asset in executing our long-term vision for the exciting future of Bugatti.”

Source: Bugatti