Porsche sells its stake in Bugatti to BlueFive Capital.
Porsche has agreed to sell its stake in the Bugatti Rimac.In 2021, Porsche and Rimac Group established a joint venture, Bugatti Rimac, to operate the renowned Bugatti brand. In this joint venture, Porsche holds a 45% minority stake, while Rimac Group holds 55%. Additionally, Porsche owns a 20.6% stake in Rimac Group.
According to the transaction announced today, Porsche has sold its entire stake in Bugatti Rimac and the Rimac Group to a consortium led by HOF Capital. The largest investor in the consortium is BlueFive Capital, which also includes several institutional investors from the US and the EU. Upon completion of the transaction, the Rimac Group will take over Bugatti Rimac and establish a strategic partnership with BlueFive Capital and HOF Capital to support its continued development.
Hazem Ben-Gacem, founder and CEO of BlueFive Capital, said, “Bugatti is a monument to automotive passion, stemming from Ettore Bugatti’s unwavering commitment to the perfect fusion of aesthetics and performance. BlueFive Capital sees this partnership as an opportunity that transcends mere financial transactions, and we look forward to working with the entire Bugatti Rimac team to ensure this legend is passed down through generations.”
Dr. Michael Leiters, CEO of Porsche AG, stated, “Through the joint venture Bugatti Rimac with the Rimac Group, we have successfully laid the foundation for Bugatti’s future. As an early investor in the Rimac Group, Porsche has made significant contributions to developing Rimac Technology into a mature Tier 1 automotive supplier. Now, with the sale of our stake, Porsche will focus on its core business. We would like to express our gratitude to Mate Rimac and his team for their constructive cooperation and mutual trust over the past few years.”
Bugatti Rimac CEO Mate Rimac stated, “Porsche has always been an important partner for us, and we are deeply grateful for the role it played in the formation of Bugatti Rimac. With the solid foundation laid by Porsche’s support, we have established an organizational structure that can accelerate the realization of our long-term vision. We look forward to working with our new partners.”
About BlueFive Capital
BlueFive Capital is a global investment platform with $15 billion in assets under management. It is dedicated to uncovering investment opportunities in high-potential economies, aiming to revolutionize traditional finance and promote sustainable development. Registered in Abu Dhabi Global Markets, with offices in London, Manama, Abu Dhabi, Dubai, Muscat, and Beijing, the company provides private equity, real estate, infrastructure, and financial products and services to private wealth, institutional, and retail clients.
BlueFive Capital was founded in late 2024 and is led by Hazem Ben-Gacem, one of the longest-serving professionals in the global private equity space. For more information, please visit www.bluefivecapital.com .
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