• BlueFive Capital, an Abu Dhabi-based alternative asset manager, closed its 30% Bugatti Rimac stake purchase from Porsche AG on Sept. 9, 2026.
• Rimac Group keeps its 55% controlling stake; BlueFive is now reported as the second-largest shareholder, with one board seat and two observer seats.
• The purchase completes a wider Porsche exit announced April 24, 2026, that also shed Porsche's separate 20.6% stake in Rimac Group, for proceeds Porsche has put at roughly €1 billion.
• Leadership turned over alongside ownership: Mate Rimac became president of Bugatti Automobiles, Christophe Piochon stepped down, and Marko Brkljačić was named Bugatti Rimac's new COO.
• Not investment advice: this is a private-equity ownership change at an unlisted automaker, not a signal tied to any traded security.

Abu Dhabi's BlueFive Capital has completed its purchase of a 30% equity stake in Bugatti Rimac, buying the position directly from Porsche AG in a deal that closed Sept. 9, 2026 (AGBI; Porsche Newsroom). The purchase makes BlueFive the venture's second-largest shareholder behind Rimac Group's 55% controlling stake, and it completes Porsche's full exit from Bugatti Rimac and Rimac Group — a sale Porsche first announced April 24, 2026, for proceeds it has put at roughly €1 billion (Porsche Newsroom; electrive.com). For Gulf capital, it is another direct equity stake in a European industrial and luxury name rather than a public-market signal: Bugatti Rimac remains privately held and untraded on the Tadawul, DFM or ADX.

What Happened

BlueFive Capital, an Abu Dhabi Global Market-registered alternative asset manager, has closed on a 30% equity stake in Bugatti Rimac, the venture behind the Bugatti hypercar brand, buying the position from Porsche AG (AGBI; Porsche Newsroom). The purchase completed Sept. 9, 2026, after regulatory clearances came through, closing out a deal Porsche first announced April 24, 2026 (Porsche Newsroom; electrive.com). Porsche has not disclosed what BlueFive paid for its slice specifically, only that its combined Bugatti Rimac and Rimac Group exit is expected to generate roughly €1 billion (electrive.com).

The Ownership Math

Rimac Group, the Croatian automotive and battery-technology group founded by Mate Rimac, retains its 55% controlling stake in Bugatti Rimac; BlueFive's 30% purchase makes it the second-largest shareholder, reportedly with one board seat and two observer seats (AGBI). Before the sale, Porsche held 45% of Bugatti Rimac directly plus a separate 20.6% stake in Rimac Group itself — both now sold in the same clean exit (Porsche Newsroom). BlueFive is also described as the largest single investor inside the broader consortium, led by New York's HOF Capital, that absorbed Porsche's holdings (Dorsey & Whitney; Porsche Newsroom).

Why It Matters

For Gulf capital, the deal extends a pattern of Abu Dhabi-based managers taking direct equity in European industrial and luxury names rather than routing through public markets. BlueFive — founded in late 2024 with about $15 billion in assets under management and led by chief executive Hazem Ben-Gacem — gains a governance foothold, not just a financial stake, through its board and observer seats (AGBI). Porsche's side is a clean break: chief executive Michael Leiters said the sale lets Porsche "focus...on the core business," shedding a joint venture it no longer controlled outright (Porsche Newsroom).

What To Watch

Watch Bugatti Rimac's leadership bench next: Christophe Piochon has stepped down as Bugatti Automobiles president and Bugatti Rimac chief operating officer, with Mate Rimac taking the Bugatti Automobiles presidency and Marko Brkljačić named the venture's new COO (electrive.com). None of this is a trading signal — Bugatti Rimac is privately held and untraded on the Tadawul, DFM or ADX; this is an ownership and governance change at a private automaker, not investment advice (Porsche Newsroom; AGBI).