• HOF Capital and BlueFive are in talks to acquire Porsche’s stake in Bugatti Rimac and Rimac Group.
• The potential deal could be valued at over USD 1.2B, including fresh capital for Rimac Group’s expansion.
• The discussions are ongoing, with a possible agreement in the coming weeks, though details may still change.

Luxury Car Sector

According to Bloomberg, HOF Capital, co-founded by Onsi Sawiris, and BlueFive Capital are reportedly negotiating to acquire Porsche’s stake in Bugatti Rimac. The joint venture, controlled by Croatia’s Rimac Group, owns the iconic Bugatti brand.

BlueFive Capital is led by Hazem Ben-Gacem and focuses on private equity investments across MENA. HOF Capital is closely tied to the Sawiris family, with Onsi Sawiris co-founding the firm.

Bugatti Rimac

The transaction could also include Porsche’s share in Rimac Group itself, insiders told the media. The deal is estimated at more than USD 1.2 billion (EUR 1B), signaling a significant strategic move for both investors. HOF Capital may provide additional capital to Rimac Group to support its global expansion plans.

Bugatti Rimac has been under Rimac Group’s control since 2021. A Rimac representative confirmed to Bloomberg that discussions with Porsche regarding future ownership are ongoing, with no final agreement yet reached. Thus, the structure of the potential transaction may evolve in the coming weeks.