Dorsey & Whitney LLP is advising BlueFive Capital in its acquisition of Porsche AG’s equity stake in Bugatti Rimac.
Under the terms of the transaction, Porsche will divest its 45% stake in Bugatti Rimac and its 20.6% stake in Rimac Group to a consortium, which includes BlueFive Capital as its largest investor alongside institutional investors across the United States and European Union.
Following completion of the transaction, Rimac Group is expected to take control of Bugatti Rimac and form a strategic partnership with BlueFive Capital to support continued growth. Financial terms of the transaction were not disclosed.
“Thank you to the Dorsey & Whitney team for being the anchor advisor to BlueFive Capital not only on acquiring our direct stake in Bugatti Rimac, but also for being a strategic partner to BlueFive since day one,” said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital.
Dorsey is advising BlueFive Capital on key aspects of the transaction, including structuring considerations related to the consortium investment and broader strategic partnership.
BlueFive Capital is a global investment platform with approximately $15 billion in assets under management, targeting opportunities in high-potential economies to drive sustainable growth. The firm is headquartered in Abu Dhabi Global Market, with offices in London, Manama, Abu Dhabi, Dubai, Muscat, and Beijing.
Bugatti Rimac was established in 2021 as a joint venture between Porsche and Rimac Group and serves as the home of the Bugatti brand, combining its legacy in high-performance luxury automobiles with Rimac’s electric vehicle and performance technology.
Rimac Group is a Croatia-based automotive and technology company founded by Mate Rimac, focused on developing high-performance electric vehicles and advanced automotive systems for global manufacturers.
The Dorsey team includes partners Stewart Worthy (London) and E. Eric Rytter (New York), and managing associate James Ufland (London). Partner John Chase (Palo Alto) is providing tax advice.