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Squire Patton Boggs, CMS, and KHS Advise on Combination of Rimac and Bugatti

Squire Patton Boggs, CMS, and KHS Advise on Combination of Rimac and Bugatti

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Squire Patton Boggs and KHS Kunstek, Halle & Simac have advised Croatian Rimac Automobili on its combination with French automotive brand Bugatti Automobiles, a subsidiary of German Volkswagen Group, to create a new auto company – Bugatti Rimac. CMS advised the Volkswagen Group, which owns Bugatti, on the deal.

According to Squire Patton Boggs, the deal will see Rimac Automobili become a group and split into two separate businesses: a new hypercar business, which will operate under the Bugatti Rimac venture, and Rimac Technology. According to the firm, “Rimac Group will be the major shareholder in Bugatti Rimac holding a 55% stake, with Porsche keeping its existing 24% shareholding in the Rimac Group and acquiring a 45% stake in the new company. Bugatti Rimac will be headquartered in Croatia and begin trading as a new combined entity from Q4 2021. Bugatti and Rimac will both continue as separate respective brands, retaining existing production facilities and distribution channels.”

Squire Patton Boggs’ team included Berlin-based Partner Jost Arnsperger and Senior Associate Alina Navarro Melendo, Birmingham-based Partner Andrew Glaze and Associate Shauna Halls, Luxembourg-based Lawyers Christian Bleschke, Diarmuid Ryan, Tatiana Siakka, Sandra Mueller, Christofer Eggers, and Hagen Reinsberg, and Paris-based Lawyers Tony Reed, Pauline Pierce, Agata Buczek, Kevin Cosmao, Marion Cavalier and Valerie Ravit.

KHS Kunstek, Halle & Simac’s team was led by Managing Partner Gordon Kunstek.

CMS's team was led by Hamburg-based Partners Hilke Herchen and Jacob Siebert.

Editor's Note: On November 2, 2021, CMS announced that the deal had successfully closed and that the new venture began operating.

Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

All News about, and Legal Analysis by, Čipčić-Bragadin Mesić & Associates can be found here.

Firm's website: cipcic-bragadin.com


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