HOF Capital leads group taking 45% stake in supercar brand Bugatti

US-based global VC HOF Capital, co-founded by Onsi Naguib Sawiris, is leading a consortium that has bought out automaker Porsche's complete stake in supercar brand Bugatti, according to a statement (pdf). Abu-Dhabi based investment firm BlueFive Capital as the largest investor in the HOF Capital-led consortium.

What we know: The venture capital firm now holds a 45% share in JV Bugatti Rimac alongside Croatian automotive-focused investment holding company Rimac Group with a 55% share. The size of the investment ticket has been kept confidential, although informed sources told Bloomberg in December the valuation is in USD 1.2 bn territory.

What’s next? After the agreement is given the final rubber stamp after regulatory clearances before the end of the year, “Rimac Group is set to take control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to support its continued growth,” the statement notes. HOF Capital will also become the largest shareholder in Rimac Group.

About HOF: Founded in 2016 by Hisham Elhaddad, Onsi Sawiris, and Fady Yacoub, the firm has over USD 7 bn in assets under management as of 2026. HOF Capital has a network of over 240 strategic limited partners and a portfolio of household names including OpenAI, SpaceX, Anthropic, and Neuralink.