Porsche AG has announced an agreement to sell its equity holdings in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, with BlueFive Capital as the largest investor. The move marks a strategic shift as Porsche sharpens its focus on core business operations.
Bugatti Rimac was established in 2021 as a joint venture between Porsche and Rimac Group to oversee the future of the Bugatti brand. Under the arrangement, Porsche held a 45 percent stake, while Rimac Group controlled 55 percent. In addition, Porsche maintained a 20.6 percent stake in Rimac Group, strengthening its position as an early investor in the Croatian electric vehicle innovator.
Under the terms of the agreement, Porsche will fully divest its interests in both Bugatti Rimac and Rimac Group. The acquiring consortium includes BlueFive Capital alongside a group of institutional investors from the United States and Europe. Following completion of the transaction, Rimac Group is expected to assume full control of Bugatti Rimac and enter into a strategic partnership with BlueFive Capital and HOF Capital to support future expansion.
Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, described the acquisition as a long-term commitment to one of the automotive industry’s most iconic marques. He noted that the firm intends to preserve Bugatti’s legacy while supporting its continued evolution in performance and design.
Dr Michael Leiters, Chief Executive Officer of Porsche AG, said the joint venture had successfully positioned Bugatti for the future and highlighted Porsche’s role in supporting the growth of Rimac Technology into a leading automotive technology company. He added that the divestment allows Porsche to concentrate on its primary business priorities while acknowledging the strong partnership built with Mate Rimac and his team.
Mate Rimac, Chief Executive Officer of Bugatti Rimac, expressed appreciation for Porsche’s contribution to the company’s development. He stated that the transition creates a structure that enables faster execution of long-term plans and welcomed the collaboration with new strategic partners.
BlueFive Capital, established in 2024, manages approximately $15 billion in assets and focuses on investments across high-growth markets. Headquartered in Abu Dhabi Global Market, the firm operates across multiple international locations and provides a range of investment solutions spanning private equity, real estate, infrastructure, and financial products. The transaction underscores a broader realignment within the high-performance automotive sector as companies seek to balance heritage with innovation and future growth opportunities.
