BlueFive to buy Porsche’s stake in Bugatti Rimac

BlueFive Capital, the Abu Dhabi alternative asset manager, is the largest investor in a consortium that is acquiring Porsche’s stake in Bugatti Rimac.

The group, which is led by the US’s HOF Capital, is buying Porsche’s 45 percent stake as well as its holding in Croatia’s Rimac Group. Rimac manufactures high-performance electric vehicles and automotive technology.

Bugatti Rimac is a hypercar company formed in 2021.

Financial terms were not disclosed, although a previous report from Bloomberg, which quoted unnamed sources, suggested the deal could be worth $1.2 billion.

BlueFive, which was launched by former Investcorp CEO Hazem Ben-Gacem in 2024, manages around $15 billion in assets. In 2025 Bahrain’s Mumtalakat Holding Company acquired a stake in the firm.

“Bugatti is a monument to automotive obsession,” said Ben-Gacem, adding that his company views the investment as a long-term industrial and brand opportunity.

Shares in Porsche are down almost 9 percent in the year to date.

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