BlueFive takes 30% stake in Bugatti Rimac
Abu Dhabi-based BlueFive Capital has completed the acquisition of a 30% equity stake in Bugatti Rimac from Porsche, becoming the second-largest shareholder in the producer of Bugatti supercars. The transaction closed on September 9 after regulatory approvals were secured, BlueFive said. Rimac Group retains its 55% controlling stake in Bugatti Rimac, while BlueFive now holds the largest position…
Abu Dhabi-based investment firm BlueFive Capital has secured a 30% stake in Bugatti Rimac, the company behind the renowned Bugatti supercars. The transaction, finalized on September 9 following regulatory approvals, makes BlueFive the second-largest shareholder in the automaker. Initially, Rimac Group maintained a 55% controlling stake, while Porsche owned the remaining 45%.
However, Porsche divested its interest by selling its 45% to a consortium led by New York-based HOF Capital, with BlueFive as its largest investor. The investment brings BlueFive a seat on the Bugatti Rimac board and two observer seats, solidifying its role in the ownership structure of this ultra-luxury car business. The financial terms of BlueFive's direct 30% purchase were not disclosed separately, but the broader transaction saw Porsche generate proceeds of about €1 billion, with €250 million earmarked for pension obligations.
The sale of Porsche's stake is expected to allow the luxury car manufacturer to refocus on its core automotive business.
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