Lawyer Monthly - December 2021 Edition

Acted as Legal Advisers to Volkswagen HASCHE SIGLE LUXEMBOURG Acted as Legal Adviser to Rimac Automobili Lawyer Monthly Transaction Reports - Mergers & Acquisitions 86 WWW.LAWYER-MONTHLY.COM DEC 2021 ABOUT THE DEAL Rimac Automobili has announced its merger with iconic automotive brand Bugatti Automobiles to create Bugatti Rimac LLC. Under the terms of the deal, the newly-formed Rimac Group will be the major shareholder with a 55% stake. Mate Rimac will retain his original 37% stake in Rimac Group, with Porsche at 24%, Hyundai Motor Group at 12% and other investors at 27%. Rimac’s highly regarded wings dealing with the development, production and supply of battery systems, drivetrains and other EV components will be separated into a new entity called Rimac Technol- ogy, which will be 100% owned by the Rimac Group. Rimac Technology will remain an independent com- pany working with many global car manufacturers. The new company will be led by Mate Rimac. As CEO of Rimac Group, he will serve as head of both Bugatti Rimac and Rimac Technol- ogy. Bugatti and Rimac will both continue as separate respective brands, retaining existing pro- duction facilities and distribution channels. Both Bugatti and Rimac vehicles will be developed by Bugatti Rimac by combining resources and expertise in research and develop- ment, among other areas. CMS Hasche Sigle and CMS Lux- embourg advised Bugatti parent Volkswagen on the transaction. KHS Kunstek Halle & Simac advised Rimac Automobili. July 2021 Rimac Automobili Acquires Bugatti