At a Glance
- HOF Capital, BlueFive consider $1.2 billion purchase of Porsche’s Bugatti Rimac holding stake.
- Deal may include Porsche’s minority stake in Rimac Group, boosting EV exposure.
- Transaction signals private capital reshaping ownership of legacy luxury automotive brands globally.
HOF Capital, backed by Egypt’s wealthy Sawiris family and BlueFive Capital, is weighing a deal valued at more than $1.2 billion to acquire Porsche’s stake in Bugatti Rimac.
The talks, still at a preliminary stage, center on Porsche’s holding in Bugatti Rimac, the joint venture controlled by Croatia’s Rimac Group, which owns the storied Bugatti marque.
The €1 billion ($1.2 billion) transaction could also include Porsche’s minority stake in Rimac Group itself, potentially giving the new investors deeper exposure to the fast-growing electric hypercar and advanced battery technology business.
Sawiris-backed HOF Capital expands global footprint
HOF Capital was co-founded by Onsi Sawiris, the head of the billionaire Sawiris family and founder of the Orascom Group conglomerate. The global, multi-stage venture capital (VC) firm has been steadily expanding across high-growth global assets, leveraging the family’s long-standing capital base and deal-making pedigree.
BlueFive Capital, led by former Investcorp co-CEO Hazem Ben-Gacem, has emerged as a rising private equity force across the Middle East and North Africa, focusing on large, control-oriented investments.
For Porsche, the proposed sale, estimated at over €1 billion ($1.18 billion), would mark a strategic recalibration as the German automaker reassesses capital allocation amid softer global auto demand and rising investment needs tied to electrification.
Rimac, Porsche face strategic reset
For Rimac Group, the deal could unlock fresh capital and strategic flexibility. Sources said HOF Capital is considering injecting additional funding to accelerate global expansion, deepen Rimac’s technology platform, and support Bugatti’s transition toward ultra-luxury electrified performance.
Bugatti Rimac has been under Rimac Group’s control since 2021, following a landmark restructuring that merged the French luxury brand with Rimac’s EV technology. A Rimac spokesperson confirmed to Bloomberg that discussions with Porsche on future ownership are ongoing, stressing that no final agreement has been reached and that the structure of any transaction could still evolve.
If completed, the deal would underscore how billionaire-backed private capital is increasingly reshaping ownership across legacy luxury and industrial assets worldwide.
