According to Bloomberg reports, citing people familiar with the matter, HOF Capital and BlueFive Capital are in talks to purchase Porsche's shares in Bugatti Rimac.
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Porsche, Bugatti and Egyptian billionaires. How much is the transaction worth?
The potential transaction would include the acquisition of Porsche's stake in the joint venturewhich owns the Bugatti supercar brand, which Porsche currently shares with the Croatian Rimac group.
Bloomberg notes that HOF Capital, co-founded by a member of the Egyptian billionaire Sawiris familytogether with its partners, also intends to acquire Porsche's shares in the Rimac Group itself as part of this transaction.
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According to reports the transaction may be valued at over EUR 1 billion (equivalent to over PLN 4.2 billion).
As part of the proposed transaction, HOF Capital may provide additional capital to Rimac Group to support its expansion plans.
Porsche in Bugatti. Who wants to take over the shares?
HOF Capital is a global venture capital firm based in New York, founded in 2016 by three Egyptian entrepreneurs, including Onsi Sawiris, a representative of one of the richest families in Egypt.
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The company manages assets worth more than $1.2 billion. and focuses on investments in breakthrough technologies such as artificial intelligence, fintech and space technologies, with shares in such giants as SpaceX, OpenAI and Anthropic in its portfolio.
The fund's co-founder, Onsi Sawiris, is the son of billionaire Naguib Sawiris, whose family controls key sectors of the Egyptian economy, from telecommunications to construction, through the Orascom conglomerate. Thanks to its strong capital base and global network of contacts, HOF Capital combines the potential of Middle Eastern billionaires with the most innovative technology projects in the United States and Europe.
