finance
Porsche Agrees to Sell Bugatti Rimac Stake to HOF Capital-Led Consortium
Porsche AG has agreed to divest its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as the largest investor. The deal also includes Porsche selling its 20.6% stake in Rimac Group. Following the transaction, Rimac Group will assume full operational control of Bugatti Rimac and form a strategic partnership with the buyers.
Apr 24, 4:46 AM·1m read1 source
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Com reported. BlueFive Capital serves as the largest investor in this consortium. 6% stake in Rimac Group. Following the transaction's completion, Rimac Group will take full operational control of Bugatti Rimac.
Rimac Group will form a strategic partnership with BlueFive Capital and HOF Capital to support Bugatti Rimac's growth. 6% in early trading on Friday. Porsche and Rimac Group established Bugatti Rimac in 2021.
HOF Capital is a New York-based venture capital firm co-founded by a scion of Egypt's billionaire Sawiris family. BlueFive Capital is a private equity firm led by Hazem Ben-Gacem, a former executive at alternative investment firm Investcorp.
"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," said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital. Michael Leiters is the CEO of Porsche AG.
Mate Rimac expressed interest to buy Porsche's stake last year.
1 billion). Automotive and mobility deal value reached more than $35 billion by the third quarter of the previous year, according to Bain & Company. People visited the Bugatti booth during the Consumer Electronics Show (CES) 2026 on January 6, 2026 in Las Vegas, Nevada.
