BlueFive Capital is led by Hazem Ben-Gacem, a former senior executive at Investcorp. HOF Capital was co-founded by Onsi Sawiris, son of Naguib Sawiris, one of Africa’s wealthiest individuals. The Sawiris family has expanded its global investment footprint in recent years, spanning real estate, infrastructure, technology, and financial services.
Bugatti Rimac has owned the historic Bugatti brand since 2021, following the creation of the joint venture that combined Rimac’s electric performance expertise with Bugatti’s luxury heritage. Any change in ownership would mark a significant shift in the structure of one of the world’s most high-profile automotive partnerships.
A spokesperson for Rimac confirmed that discussions are ongoing between the company and Porsche regarding the future ownership of Bugatti Rimac, but stressed that no final agreement has been reached and the structure of any deal remains subject to change.
If concluded, the transaction would underscore rising investor interest in high-end automotive technology and signal a deeper push by Middle Eastern and African capital into Europe’s luxury and advanced manufacturing sectors.
HOF Capital, a private investment firm co-founded by Onsi Sawiris of Egypt’s billionaire Sawiris family, is in talks with BlueFive Capital to acquire Porsche AG’s stake in Bugatti Rimac in a deal that could be valued at more than €1 billion (US$1.2 billion), according to people familiar with the matter.
The discussions centre on a joint bid for Porsche’s shareholding in Bugatti Rimac, the joint venture between German automaker Porsche and Croatia’s Rimac Group that controls the iconic Bugatti supercar brand. Negotiations also reportedly include the possible acquisition of Porsche’s minority stake in Rimac Group itself.
Sources said the proposed transaction could exceed €1 billion, reflecting the growing valuation of Rimac’s high-performance electric vehicle technology and the enduring prestige of the Bugatti marque. As part of the talks, HOF Capital is also considering injecting fresh capital into Rimac Group to support future expansion and technology development.
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