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April 28, 2026 – Porsche has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm. The relevant transaction agreements were signed on April 24. Completion of the transaction remains subject to customary conditions precedent, including regulatory clearances by the relevant authorities.

Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the iconic Bugatti brand. In this joint venture, Porsche holds a minority stake of 45%, Rimac Group owns 55%. Porsche also holds a 20.6% stake in Rimac Group. As part of the transaction announced today, Porsche will fully divest its equity stakes in Bugatti Rimac and Rimac Group to the HOF Capital-led consortium. This includes BlueFive Capital as its largest investor, as well as 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 additionally join Rimac Group as the largest shareholder alongside Mate Rimac, founder of Rimac and CEO of Bugatti Rimac. Subject to regulatory clearances, completion is expected to occur before the end of 2026. The parties have agreed to keep the financial terms of the transaction confidential, except where disclosure is required under applicable financial reporting obligations.

Dr Michael Leiters, CEO of Porsche AG:
“In setting up the joint venture Bugatti Rimac together with Rimac Group, we successfully laid the foundation for Bugatti’s future. And as an early-stage investor of Rimac Group, Porsche made a significant contribution to developing Rimac Technology into an established Tier-1 automotive technology company. Now, with the sale of our stake, we demonstrate that we will focus Porsche on the core business. We would like to thank Mate Rimac and his team for the constructive and trusting cooperation over the past years.”

Mate Rimac, Founder and President of the Rimac Group, CEO Bugatti Rimac:
“Porsche has been a crucial partner, and we are deeply grateful for their role in establishing Bugatti Rimac. With the strong foundations their support has provided, we now have a structure that allows us to execute even faster on our long-term vision. We look forward to our collaboration with our new partners.“

Hisham Elhaddad, Co-Founder and Managing Partner of HOF Capital:
“For over a century, Bugatti has stood apart as a brand where heritage and innovation coexist at the highest level. We are proud to partner with Mate Rimac and his team to help shape the next chapter, balancing disciplined growth with a tradition of craftsmanship and originality that remains unmatched.”

Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital:
“Bugatti is a monument to automotive obsession, born from Ettore Bugatti’s pursuit of beauty and performance combined. BlueFive Capital approaches this opportunity as more than simply a financial transaction, and we look forward to working alongside the entire Bugatti Rimac team to honor that legacy for generations to come.”

Luxembourg, April 28, 2026 – Theorikon Industrial Fund (“Theorikon”) has acquired a strategic stake in Bisazza S.p.A. (“Bisazza”), a historic Italian brand in the luxury mosaic and high-end home design sector.

Bisazza offers a wide range of luxury decorative solutions, reflecting a distinctive style that reinterprets classical aesthetics through a contemporary lens, combining elements of fashion and home design. In this context, the transaction supports the Company’s growth strategy, with Theorikon acting as an active industrial partner aimed at accelerating its transformation path and enhancing the brand’s distinctive capabilities.

Theorikon will support the development plan through a series of strategic initiatives, working alongside Alessandro Bisazza who, in his capacity as Chairman, will also oversee artistic direction and manage institutional relations.

Alessandro Bisazza, Chairman of Bisazza, commented:

“This partnership marks an important step in our evolution. Together with Theorikon, we will strengthen our positioning in the luxury segment, while preserving and further developing Bisazza’s distinctive creative identity.”

Alessandro Alunni Bravi, Founder of Theorikon Industrial Fund, added:

“Bisazza is an iconic brand with significant potential. Our role will be to actively support management in executing a clear industrial plan: strengthening commercial capabilities, accelerating international expansion, and promoting operational efficiency to drive sustainable growth.”

The Company and the Bisazza family were advised by DLA Piper, with a team led by Partner Avv. Dino Dima, as well as by Studio G&G.

Advisors to Theorikon Industrial Fund on the transaction included Anchora Wealth Advisory (Investment Advisor), AD Capital Consulting (Financial Advisor), Deloitte (Financial, Tax and ESG due diligence), Accinni e Associati (legal advisor), and Arthur D. Little (business due diligence).

Luxembourg, 20 November 2025 – Theorikon Industrial Fund SCA SICAV-RAIF today announces its official launch as a Luxembourg-based Reserved Alternative Investment Fund (RAIF), focused on long-term value creation through equity and equity-related investments in high-quality mid-market companies, primarily in Italy and selectively across international markets.

Structured as a closed-ended fund with a 12-year term, Theorikon seeks to deliver long-term capital appreciation by investing in growth-stage businesses that represent the excellence of the Italian industrial ecosystem – combining deep technical know-how, brand heritage, and scalable innovation.

Investment Strategy

Theorikon Fund adopts an industrially driven investment approach that blends private-equity discipline with strategic and operational involvement. Its investment strategy focuses on five high-potential sectors in which Italy demonstrates global leadership and industrial depth:

• Deep Tech – Companies with advanced R&D capabilities, proprietary IP, and strong technical teams in areas such as AI, robotics, and industrial software.
• Fintech – Businesses driving digital transformation across financial infrastructure, payments, risk management, and regulatory technology.
• Luxury – Heritage brands and design-led companies with international expansion potential and scope for digital and operational acceleration.
• Motorsports – Italy’s engineering excellence in performance engineering, performance components, simulation technologies, R&D, and high-end manufacturing.
• Green and Blue Economy – Companies operating in areas related to energy-efficiency solutions, circular-economy models, sustainable mobility, and marine innovation*.

With investment tickets typically ranging from €5 to €50+ million, Theorikon targets growth-oriented companies capable of scaling internationally and creating tangible industrial value. Theorikon combines capital investment with hands-on operational support, governance enhancement, international expansion expertise, and strategic partnerships to unlock long-term competitiveness and growth.

Founder’s Statement

“Theorikon Industrial Fund is grounded in a simple conviction: Italy’s industrial ecosystem – its craftsmanship, engineering capabilities, technology, and culture of innovation – remains one of the most compelling and under-leveraged value-creation opportunities in Europe”, said Alessandro Alunni Bravi, Founder and General Partner of Theorikon.

“Our mission is to turn this heritage into global opportunity by combining capital with strategic direction, sector expertise and operational optimisation. We aim to be an industrial partner of choice for high-potential companies, providing not only capital but also strategic guidance and operational reinforcement. We will partner with talented entrepreneurs and management teams to scale their business globally and convert innovation into long-term value creation for our investors and society.”