Abu Dhabi-based investment firm BlueFive Capital has completed the acquisition of a 30% stake in Bugatti Rimac from Porsche, marking a major expansion of its private equity portfolio into the global luxury and automotive sectors.
The transaction, completed on September 9, makes BlueFive the second-largest shareholder in Bugatti Rimac after Rimac Group. The investment firm will also take a seat on the Bugatti Rimac board, alongside two observer seats, giving it a direct role in the strategic direction of the company.
The acquisition is part of a broader ownership reshuffle at Bugatti Rimac that ends Porsche’s direct involvement in the hypercar venture. Porsche and Rimac Group established Bugatti Rimac in 2021, with Rimac holding 55% and Porsche the remaining 45%. Porsche also held a 20.6% stake in Rimac Group.
In April, Porsche agreed to sell both interests to a consortium led by New York-based investment firm HOF Capital, with BlueFive Capital identified as the largest investor in the consortium. The transaction has now closed following regulatory approvals.
BlueFive’s direct acquisition of 30% means it now owns a substantial minority position in the company, while the remaining portion of Porsche’s former 45% holding has gone to other members of the investor consortium. Rimac Group continues to hold its 55% majority position in Bugatti Rimac.
The deal represents a significant move for BlueFive, which was launched in November 2024 and has rapidly expanded its investment footprint across private equity, real estate, financial services, leasing, insurance and private wealth.
The firm said it now manages more than USD 15 billion in assets and described the Bugatti Rimac investment as an important step in developing its consumer investment strategy. Its approach is focused on businesses with strong brands, defensible market positions and long-term growth potential.
For Abu Dhabi, the transaction adds another high-profile global brand to the growing pool of international assets backed by investment capital originating from the UAE. It also reflects the increasing willingness of Gulf investment firms to take significant minority positions in established European businesses rather than focusing solely on traditional sectors such as energy, infrastructure and financial services.
Hazem Ben-Gacem, founder and chief executive of BlueFive Capital, described the transaction as a landmark deal for the firm and an important step in expanding its European private equity business.
“Bugatti Rimac brings together two extraordinary brands with exceptional heritage, innovation and global appeal,” Ben-Gacem said, adding that BlueFive was looking forward to partnering with Rimac Group as the company entered its next phase.
Bugatti Rimac combines the heritage of the French luxury marque with the electric-vehicle technology developed by Croatian entrepreneur Mate Rimac. The joint venture was created to bring Bugatti into a new ownership and technology structure while preserving the brand’s distinct identity. Rimac Group describes Bugatti Rimac as a hypercar company combining Bugatti’s luxury and performance heritage with Rimac’s electric technology expertise.
The ownership change comes at an important point for Bugatti. The company opened its new La Manufacture production facility in Molsheim in July, while the Tourbillon — its next-generation hypercar — is in the final stages of testing.
The Tourbillon is intended to succeed the Chiron and represents a major technological transition for Bugatti. The company has said the model will combine a new naturally aspirated V16 engine with electrification, underlining the brand’s attempt to balance its traditional engineering identity with changing automotive technology.
The management structure is also being reshaped. Mate Rimac, who has served as chief executive of Bugatti Rimac since 2021, will assume the presidency of Bugatti Automobiles. Marko Brkljacic, formerly chief operating officer of Rimac Technology, is expected to become chief operating officer of Bugatti Rimac, while Hendrik Malinowski, the current managing director of Bugatti Automobiles, is set to take on the role of chief commercial officer.
For Porsche, the disposal forms part of a wider effort to concentrate capital and management attention on its core automotive operations. The German sports-car maker completed the sale of its Bugatti Rimac and Rimac Group interests for proceeds of about 1 billion euro, according to Reuters. Porsche has said the transaction supports its focus on its core business.
The deal also comes as Porsche confronts weaker demand in China, pressure on profitability and a slower-than-expected transition to electric vehicles. The company raised its 2026 automotive net cash-flow margin forecast to 5.5%-7.5% from 3%-5% following the disposal.
For BlueFive, meanwhile, Bugatti Rimac offers exposure to a scarce luxury asset with global brand recognition, pricing power and a highly affluent customer base — positioning the Abu Dhabi investor at the intersection of private equity, luxury consumption and next-generation automotive technology.