White & Case and Linklaters advised on Porsche’s sale of stakes in Bugatti Rimac and Rimac Group to HOF Capital-led consortium.

Porsche has agreed to fully divest its equity stakes in Bugatti Rimac and Rimac Group to an international consortium led by HOF Capital, with BlueFive Capital as its largest investor, alongside a group of institutional investors across the US and EU.

Following completion, Rimac Group is set to take control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to support its continued growth. HOF Capital will also become the largest shareholder in Rimac Group alongside Mate Rimac, founder of Rimac and CEO of Bugatti Rimac.

White & Case LLP advised Rimac Group and Bugatti Rimac.

The team which advised on the transaction was led by Partners Daniel Turgel and Angus Nunn, and included Partners Dan Reavill, Michael Evans, Stephen Shergold, Karla Hughes, Catherine Hill and Tabitha Al-Mahdawie, Mathias Bogush, Johannes Goosens and Tobias Heinrich, and Brice Engel, and Cyril Valentin, Counsel Sarah Kouchad, and Associates Kristy Duru, JX Zheng, Iman Adebowale, Rachel Thompson, Edward Beard, Amanda Kingsley, Mariasole Maschio, Siobhan MacLoingsigh, Matthew Rubery, Shruthi Madhusudan, Claire Slunecko and Aliya Manji, Martin Junker, Gregoire Baudry, Tali Cohen-Levy and Henri Stiegler, Antonio Marin and Thomas Rousset, Selma Lyn Kalkutschke, Taylor Gillespie, and Julius Kiss.

Linklaters advised Porsche and Volkswagen.

The team was led by Partners Ralph Wollburg, Andreas Zenner, and Rupert Cheyne. The team also included Partners Michael Leicht, Kerstin Wilhelm, Paul Joseph, and Hugo Stolkin, Counsel Sören Stöwe, and Anna-Katharina Lohbeck, Managing Associates Mikhail Fufaev, Stephanie Farrington and Armin Lambert, and Associates Max Malte Suchsland, Antonia Mertens, and Stuart Blair.