by Potential Change in Bugatti Rimac Ownership Structure
In the world of high-end automotive alliances, ownership questions are often very fluid. The complex business combination between Porsche, Rimac, and Bugatti may soon get a new partial owner.
New reports indicate that a venture capital fund co-founded by a descendant of the Egyptian billionaire Sawiris family is among the group intending to acquire Porsche’s stake in the Bugatti Rimac joint venture.
Current State of Affairs
Rimac and Bugatti merged in 2021. At that time, Mate Rimac owned 37% of the Rimac Group, Porsche controlled 24%, Hyundai 12%, and various other investors held the remaining 27%. Today, the Rimac Group owns 55% of Bugatti Rimac, while Porsche holds the remaining 45%.
Interest from Capital
Mate Rimac has previously expressed interest in partnering with investors to buy out Porsche’s stake. Now Bloomberg reports that HOF Capital, co-founded by a member of the Egyptian Sawiris dynasty, along with private investment company BlueFive Capital, is in talks to acquire this 45 percent stake.
The deal could be worth over 1 billion euros, and HOF could also inject new capital into the Rimac Group to support its expansion plans.
Official Comments Are Currently Absent
Representatives from Porsche, HOF Capital, and BlueFive have not yet commented on these reports. Rimac confirmed that negotiations are ongoing with Porsche regarding the future ownership structure of Bugatti Rimac, noting that discussions are continuing and a deal has not yet been reached. It is unclear whether Mate Rimac himself is involved in the new proposal.
Earlier this year, Mate Rimac spoke candidly about the challenges of managing a company with a complex ownership structure.
I just want to be able to make long-term decisions, make long-term investments, and do things differently without explaining it to 50 people. When you negotiate with a corporation, there are so many factors. It’s families, it’s multiple families. It’s an emotional topic.
A potential exit of Porsche from Bugatti Rimac’s capital could become a significant milestone for the entire automotive world. This is not just a financial transaction, but an opportunity for Mate Rimac and his team to gain greater freedom of action to realize their ambitious technological visions. On the other hand, attracting a new strategic investor, such as a fund linked to the Sawiris family, could provide the necessary resources for further development, especially in the context of electrification and innovation. The final decision will likely depend not only on price but also on the long-term strategic goals of all parties involved in these complex negotiations.
