Linklaters advises Porsche and Volkswagen on the sale of Porsche’s stakes in Bugatti Rimac and the Rimac Group

Linklaters has advised Porsche and Volkswagen on the sale of Porsche’s stakes in Bugatti Rimac and the Rimac Group to a consortium led by the US investment firm HOF Capital. The transaction is subject to customary closing conditions and is expected to be completed in the course of 2026.

Porsche and the Rimac Group established the Bugatti Rimac joint venture in 2021 as the home of the iconic Bugatti brand. Porsche holds a 45% minority stake in this joint venture, whilst the Rimac Group owns 55% of the shares. Porsche also holds a 20.6% stake in the Rimac Group. As part of the transaction, Porsche will sell its entire stake in Bugatti Rimac and the Rimac Group to the consortium led by HOF Capital.

An international cross-practice team from Linklaters, led by Corporate/M&A partners Ralph Wollburg, Andreas Zenner (Düsseldorf) and Rupert Cheyne (London), provided comprehensive advice to Porsche on the complex transaction. The team also included partners Michael Leicht (TMT, Frankfurt), Kerstin Wilhelm (Compliance, Munich), Paul Joseph (IP, London) and Hugo Stolkin (Corporate/M&A, London), Counsel Sören Stöwe (Corporate/M&A, Düsseldorf) and Anna-Katharina Lohbeck (TMT, Frankfurt), Managing Associates Mikhail Fufaev, (Corporate/M&A, Düsseldorf), Stephanie Farrington and Armin Lambert (IP, London), as well as Associates Max Malte Suchsland (Corporate/M&A, Düsseldorf), Antonia Mertens (TMT, Frankfurt) and Stuart Blair (Corporate/M&A, London). 

Linklaters regularly advises Porsche and Volkswagen on strategic transactions, including the IPO of Porsche AG.