dby yacht brokers

Mike Lynch, British Tech Entrepreneur, Among the Missing After Yacht Sinks Off Sicily Coast

M ike Lynch, one of the U.K.’s most celebrated tech entrepreneurs, lived for years under the cloud of a criminal investigation by U.S. prosecutors alleging that the value of the company he sold to Hewlett Packard for $11 billion was fraudulently inflated. In June, following a trial in San Francisco, he was acquitted.

On Monday, Lynch, 59 years old, was among those declared missing after his luxury yacht sank off the coast of Sicily. It was hit by a sudden thunderstorm just before sunrise, according to Italian officials.

A total of 22 people were aboard the vessel. Six passengers, including Lynch, one of his daughters, two other British nationals and two Americans, were missing, along with one crew member, according to the Italian Coast Guard and a person familiar with the matter.

The south Italy cruise was planned as a celebration of the recent courtroom victory, according to the father of one of the survivors and other people familiar with the matter.

There were 15 people, including a year-old baby girl, rescued. Lynch’s wife, Angela Bacares, was among the people who were rescued, according to a person familiar with the situation.

A coast guard official said the yacht was anchored near the port of Porticello overnight Sunday when a storm hit the coast, creating a tornado-like column of air and water.

The crew apparently had little warning. There was no distress signal from the yacht, the coast guard said.

Karsten Borner, the captain of the boat that rescued survivors, told RAI TV that the “yacht tipped to its side and sank within a few minutes. It all happened in really little time.”

Italian officials said rescue efforts were still under way Monday, and that the yacht sank about 164 feet deep.

Shortly before midnight local time, Italian rescue authorities said in a statement posted to X that cave divers’ first inspection of the wreckage didn’t yield any results because of debris blocking their access beyond the bridge.

Survivors include Ayla Ronald, a lawyer who worked on Lynch’s U.S. fraud case, her father, Lin Ronald, said. They were on the boat to celebrate the legal victory, said Lin Ronald, who is based in New Zealand and works in the yachting industry.

The British-registered yacht, named the Bayesian, was off the northern coast of the Italian island near the capital Palermo, according to ship-tracking website MarineTraffic.

A person with knowledge of the matter said the yacht was likely owned by Lynch. It was managed by London-based brokers Camper & Nicholsons.

Built in Italy in 2008 by the Perini Navi shipyard, the 184-ft yacht was able to accommodate up to 12 guests and 10 crew, according to YachtCharterFleet.

Yacht brokers valued the vessel at around $35 million.

Lynch founded software company Autonomy in the 1990s. The Cambridge University Ph.D. and his employees deployed so-called Bayesian mathematics, which traces its roots to Thomas Bayes, an 18th-century statistician and Presbyterian minister.

Autonomy was bought by American tech company Hewlett-Packard for $11 billion in 2011.

Lynch was lauded as one of the few U.K. executives who had built a world-leading software company from scratch. The company, at the time Europe’s second most valuable, helped customers sift for insights in vast amounts of data. It counted intelligence agencies, banks and law firms as clients.

The deal has since been described as one of the worst in Silicon Valley history. The Hewlett-Packard CEO who approved the deal resigned within a year. Lynch also left the company in 2012.

Hewlett-Packard took an $8.8 billion write-down later that year and said it was duped into overpaying.

The subsequent split of the tech giant into two companies in 2015 was overseen by then-CEO Meg Whitman, who took over after the Autonomy deal was agreed.

The decision to break the company up came as it struggled with declining revenue, corporate scandals and management turmoil. The personal computer and printer business now operates under HP Inc., which makes computer servers, networking equipment and data storage systems. The Autonomy business went with Hewlett-Packard Enterprise, which sells business software, servers and networking gear.

Lynch was charged in 2018 by the U.S. government, which alleged that he and his lieutenants had used false and misleading documents to make the business-software maker more attractive to a potential purchaser. He unsuccessfully fought extradition to the U.S.

Lynch was acquitted of criminal charges in June, ending the nearly 13-year saga. Lynch declared afterward that he was “elated” and looking forward to returning to what he loved, “my family and innovating in my field.”

Another Autonomy executive, former finance chief Stephen Chamberlain, was also acquitted of fraud charges.

Lynch in recent years has been running Invoke Capital, a venture-capital firm focused on European technology. One of its investments was in a firm called Darktrace, which uses artificial intelligence to detect cyberattacks. The company went public in 2021 and is now valued at more than $4 billion.

Write to Joseph Pisani at [email protected], Costas Paris at [email protected], Gareth Vipers at [email protected] and Max Colchester at [email protected]

Advertisement

Supported by

Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

• Share full article

By Emma Bubola and Michael J. de la Merced

Emma Bubola reported from Porticello, Italy, and Michael J. de la Merced from London.

Two months after being cleared in a bruising legal battle over fraud charges, the British tech mogul Mike Lynch celebrated his freedom with a cruise. He invited his family, friends and part of his legal team on board his luxury sailing yacht, a majestic 180-foot vessel named Bayesian after the mathematical theorem around which he had built his empire.

On Sunday night, after a tour of the Gulf of Naples, including Capri, and volcanic islands in the Eolian archipelago, the boat anchored half a mile off the Sicilian coast in Porticello, Italy. It chose a stretch of water favored by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires. The boat was lit “like a Christmas tree,” local residents said, standing out against the full moon.

But about 4 a.m., calamity unfolded. A violent and fast storm hit the area with some of the strongest winds locals said they had ever felt. Fabio Cefalù, a fisherman, said he saw a flare pierce the darkness shortly after 4.

Minutes later, the yacht was underwater. Only dozens of cushions from the boat’s deck and a gigantic radar from its mast floated on the surface of the sea, fishermen said.

In all, 22 people were on board, 15 of whom were rescued. Six bodies — five passengers and the ship’s cook — had been recovered by Thursday afternoon, including that of Mr. Lynch, an Italian government official said, adding that the search was continuing for his daughter.

It was a tragic and mystifying turn of events for Mr. Lynch, 59, who had spent years seeking to clear his name and was finally inaugurating a new chapter in his life. Experts wondered how a $40 million yacht, so robust and stable could have been sunk by a storm near a port within minutes.

“It drives me insane,” said Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company, Perini, that made the Bayesian. “Following all the proper procedures, that boat is unsinkable.”

The aura of misfortune only deepened when it emerged that Stephen Chamberlain, 52, a former vice president of finance for Mr. Lynch’s former company and a co-defendant in the fraud case, was killed two days earlier, when he was hit by a car while jogging near his house in England.

Since June, the two men had been in a jubilant mood. A jury in San Francisco had acquitted both on fraud charges that could have sent them to prison for two decades. There were hugs and tears, and they and their legal teams went for a celebratory dinner party at a restaurant in the city, said Gary S. Lincenberg, a lawyer for Mr. Chamberlain.

The sea excursion was meant as a thank-you by Mr. Lynch to those who had helped him in his legal travails. Among the guests was Christopher J. Morvillo, 59, a scion of a prominent New York family of lawyers who had represented Mr. Lynch for 12 years. He and his wife, Neda, 57, were among the missing.

So, too, was Jonathan Bloomer, 70, a veteran British insurance executive who chaired Morgan Stanley International and the insurer Hiscox.

The body of the ship’s cook, Recaldo Thomas, was recovered. All the other crew members survived. Among them was Leo Eppel, 19, of South Africa, who was on his first yacht voyage working as a deck steward, said a friend, who asked not to be identified.

Since the sinking, the recovery effort and investigation have turned the tiny port town of Porticello, a quiet enclave where older men sit bare-chested on balconies, into what feels like the set of a movie.

Helicopters have flown overhead. Ambulances have sped by with the sirens blaring. The Coast Guard has patrolled the waters off shore, within sight of a cordoned-off dock that had been turned into an emergency headquarters.

On Wednesday afternoon, a church bell tolled after the first body bag was loaded into an ambulance, a crowd watching in silence.

The survivors were sheltering in a sprawling resort near Porticello, with a view of the shipwreck spot, and had so far declined to comment.

Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said that the yacht had most likely been hit by a fierce “down burst” — when air generated within a thunderstorm descends rapidly — or by a waterspout , similar to a tornado over water.

He added that his agency had put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds. Locals said the winds “felt like an earthquake.”

Mr. Costantino, the boat executive, said the yacht had been specifically designed for having a tall mast — the second-tallest aluminum mast in the world. He said the Bayesian was an extremely safe and secure boat that could list even to 75 degrees without capsizing.

But he said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, is to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

12 guests occupied the yacht’s six cabins. There were also 10 crew members.

Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer.

Open hatches, doors and

cabin windows could

have let in water

during a storm,

according to the

manufacturer.

Source: Superyacht Times, YachtCharterFleet, MarineTraffic

By Veronica Penney

The New York Times attempted to reach the captain, James Cutfield, who had survived, for comment through social media, his brother and the management company of the yacht (which did not hire the crew), but did not make contact.

So far none of the surviving crew members have made a public statement about what happened that night.

Fabio Genco, the director of Palermo’s emergency services, who treated some of the survivors, said that the victims had recounted feeling as if the boat was being lifted, then suddenly dropped, with objects from the cabins falling on them.

The Italian Coast Guard said it had deployed a remotely operated vehicle that can prowl underwater for up to seven hours at a depth of more than 980 feet and record videos and images that they hoped would help them reconstruct the dynamics of the sinking. Such devices were used during the search and rescue operations of the Titan vessel that is believed to have imploded last summer near the wreckage of the Titanic.

After rescuers broke inside the yacht, they struggled to navigate the ropes and many pieces of furniture cluttering the vessel, said Luca Cari, a spokesman for Italy’s national firefighter corps.

Finally, as of Thursday morning, they had managed to retrieve all but one of the missing bodies, and hopes of finding the missing person alive were thin. “Can a human being be underwater for two days?” Mr. Cari asked.

What was certain was that Mr. Lynch’s death was yet another cruel twist of fate for a man who had spent years seeking to clear his name.

He earned a fortune in technology and was nicknamed Britain’s Bill Gates. But for more than a decade, he had been treated as anything but a respected tech leader.

He was accused by Hewlett-Packard, the American technological pioneer that had bought his software company, Autonomy, for $11 billion, of misleading it about his company’s worth. (Hewlett-Packard wrote down the value of the transaction by about $8.8 billion, and critics called it one of the worst deals of all time .) He had been increasingly shunned by the British establishment that he sought to break into after growing up working-class outside London.

He was extradited to San Francisco to face criminal charges, and confined to house arrest and 24-hour surveillance on his dime. In a townhouse in the Pacific Heights neighborhood — with security people he jokingly told associates were his “roommates” — he spent his mornings talking with researchers whom he funded personally on new applications for artificial intelligence. Afterward, he devoted hours to discussing legal strategy with his team.

Despite his persistent claims of innocence, even those close to Mr. Lynch had believed his odds of victory were slim. Autonomy’s chief financial officer, Sushovan Hussain, was convicted in 2018 of similar fraud charges and spent five years in prison.

During Mr. Lynch’s house arrest, his brother and mother died. His wife, Angela Bacares, frequently flew over from England, and she became a constant presence in the San Francisco courtroom during the trial.

After he was finally acquitted, Mr. Lynch had his eye on the future. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” he said.

Elisabetta Povoledo contributed reporting from Pallanza, Italy.

Emma Bubola is a Times reporter based in Rome. More about Emma Bubola

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

• My Searches  
• Watch List (0)
• Sign In  

DBY Boat Sales Pittwater - NSW Sydney

About DBY Boat Sales Pittwater

Member since november 2006.

Current Ads

CONTACT DEALER

DBY Boat Sales Pittwater - NSW Sydney

• +61 2 9999 3311

[email protected]

Sydney, Australia

Newport head office.

Princes Street Marina 16 Princes Street Newport NSW 2106 Australia

Head Office Phone : +61 2 9999 3311

Darren Parker – Director +61 0408 112 882

Rod Waterhouse – Senior Broker +61 0416 262 705

Pre-loved boats and New Hallberg-Rassy Yachts

[email protected]

Local and International Sales

[email protected]

Club Marine and Pantaenius Boat Insurance

Ph : +61 02 9999 3311

• Search Used Yachts For Sale
• Search Boats By Brand
• Search Boats By Type
• Search By Location
• Search By Price
• What's My Boat Worth?
• Search Boats Just Listed
• Small Yachts
• Custom Sport Fishing Boats
• Finance A Boat
• Amer Yachts
• Aquitalia Yachts
• Cabo Yachts
• Century Boats
• French Yachts
• Gulfstream Yachts
• Hatteras Yachts
• Shelter Island Yachts
• Solaris Yachts
• Sunpower Yachts
• Sunreef Yachts
• Vela Boatworks
• Virtus Yachts
• Why List With United?
• Why Own A Boat Or Yacht?
• Custom Website For Your Yacht
• United Sold Boats
• Buy A Yacht With Crypto
• Find a Yacht Broker Near Me
• Search For Broker By Name
• Meet The United Support Team
• Our History
• Fort Lauderdale Boat Show
• Stuart Boat Show
• Miami Boat Show
• Palm Beach Boat Show
• Other Boat Shows
• Yachting News
• Yacht Closing Services
• River Forest Yachting Centers

Search All Yachts

250 Yacht Brokers in 104 Locations Worldwide

Yachts for sale, world's largest network of boat buyers & sellers, $2 billion in boats sold, over 8,000 yachts closed, explore over 6,000 yachts.

Set Up Your Virtual Tour

The World's Largest Network of yacht Buyers & Sellers

United Yacht Sales has the largest network of buyers and sellers worldwide than any other brokerage firm in the industry. We advertise all of the yachts for sale on MLS so that you can find the boat that fits your needs, regardless of whether it's listed with us or not. Our first priority is to make sure that you are well informed on all of your choices so that you can make the best decision for you.

What is My Boat Worth?

Get a Market Evaluation on Your Boat

Earning Your Trust, One Boat at a Time

With over 250 yacht brokers in 104 different locations worldwide, United Yacht Sales has an unprecedented network of boat buyers and sellers that gives our clients wide visibility on their yacht for sale. Wherever you need us, we will be there.

United's Featured Yacht Listing

25 Offices For Your Convenience

250 + Brokers Here To Serve You

125000 + Avg Monthly Website Visitors

100000 + E-Mail Database To Market Your Listing

1.5 Million Monthly Reach On Social Media

3 MLS Systems Feature Our Listings

100 + Websites That Feature Your Listing

Yachting News, Events & Insider Info

What Is The Best Flybridge Cruiser?

Aug 27, 2024

Your Yacht For Sale Now Featured on SuperYachtTimes.com

Aug 16, 2024

List Your Yacht Before The Fall Boat Show Season

Aug 07, 2024

The Hot List - August 2024

Aug 01, 2024

Yachts For Sale By Type

Yachts for sale by brand.

De Valk Berlin

In addition to the already existing offices in Hamburg and Kiel, there is now a new office in Germany: De Valk Berlin

BOOT & FUN INWATER 2024

Meet the team of De Valk Berlin during BOOT & FUN INWATER in Berlin (30 August – 1 September), stand Pagode | 240p.

Boston Whaler Outrage 270

Unmatched Craftsmanship and is considered by many to be one of the best Boston Whalers ever

Trintella 82 AD

Will be sold through an online auction, last viewing day August 31st

Hiswa te Water 2024

A unique opportunity to admire the brand new, seagoing De Alm Grand Voyager 65

Have a look at the completely renewed Brandaris Barkas 1100 Hybrid and the 900 Supersport Hybrid

The luxurious and modern Super Lauwersmeer SLX 54 is available for viewings

Moody 64 Spindrift

The crown jewel of the Moody fleet, perfect for serious sailors who love blue water cruising

Yacht search

Recently listed yachts.

LINSSEN GRAND STURDY 430 AC MARK II TWIN

CRUISING HOME TRAVELLER XL

KEIZER YACHTS 42

HANSE 508 EXCLUSIVE

COLUMBUS KOTTER

BENETEAU OCEANIS CLIPPER 343

WILLEM DE VRIES LENTSCH CUSTOM

SEA RAY 52 SEDAN BRIDGE

BAVARIA 37 CRUISER

BENETEAU OCEANIS 46

BENETEAU MONTE CARLO 47 HARD TOP

LINSSEN 29.9 AC

Recently sold/ sale pending yachts.

KOOPMANS 40 CENTREBOARD

JEANNEAU GIN FIZZ

VIVANTE 48 KOTTER

LINDEN KOTTER 13.70 AK

MOODY 42 MK II

EXCELLENT 1000 PATROL

HELLINGSKIP 1330 AK/OK

DUTCH CUSTOM BUILT TRAWLER YACHT

BAVARIA CRUISER 33

VEDETTE 9.30 CABRIO

KOOPMANS 47

Yacht broker de valk, rely on over sixty years of experience.

Buying or selling a valuable sailing or motor yacht is not something you entrust to just anyone. At De Valk, we have decades of experience; choosing us means choosing security. We also offer you convenience, because we can take care of the entire process, including evaluation, transport, insurance or financing, for example. If you want, we will sell your current berth or find you a new one. So when the time comes to decide to sell or buy, you can sit back and relax: De Valk yacht broker's will do the work for you - both effectively and energetically.

Choose yacht broker reputation

With several hundred transactions every year, De Valk is one of the most important players in the yacht broker market. We serve our customers from seven branches and concentrate on the 10 to 40 metre segment. Our customers come from all over the world and they know what they can expect from us: all the knowledge, connections and resources needed to achieve results. Also, we supervise and handle transactions in the most professional and expert way. As a result, De Valk has become one of the leading yacht brokers in Europe.

Plenty of choice

At De Valk, we always have at least five hundred yachts on our yacht broker books. This means that potential buyers from all over the world always keep their eye on us. That has to be good news for anyone wanting to sell a yacht.

Unrivalled database

It is one of the foundations of our reputation: a database with the names and details of no less than 60,000 buyers and sellers . This database which we naturally keep up-to-date with care, enables us to make a quick and careful match between supply and demand.

recent 360 tours

BAVARIA S29

LINSSEN 40 SE ROYAL

AQUASTAR 45

NAUTICAT 32

BOARNCRUISER 38 CLASSIC LINE

SMELNE VLET 1200 AK

AQUASTAR 38

DUET VLET 10.40 AK

MULDER 59 CONVERTIBLE HARD TOP

what our clients say

Verkoop op integere wijze begeleid

Familie Mazereeuw read more

Geen verrassingen achteraf

Van der Kleij read more

Binnen drie weken was de boot verkocht!

Heemskerk read more

An excellent experience

Enton read more

A great place to buy your boat

Moller read more

Boat brands

Popular boat brands at yacht broker de valk.

• Colin Archer
• Doggersbank
• Grand Banks
• Grand Soleil
• Hallberg Rassy
• Hans Christian
• Hoek Design
• Super van Craft
• Van der Heijden

You are using an outdated browser. Please upgrade your browser to improve your experience.

DLB Yacht Broker has built a solid reputation in the world of selling boats from 40 to 130 feet. It is a key player offering first-class units of various major brands: PRINCESS, SUNSEEKER, FAIRLINE, FERRETTI, SAN LORENZO, PRESTIGE.

In addition to the distribution for France of new Princess units and its brokerage activity, DLB is also your exclusive distributor for Fjord Côte d'Azur. DLB Yacht Charter also offers a fleet of boats from 15 to 50 M for charter. Our services department will assist you from the acquisition (registration, financing, delivery, handling) to the maintenance (security, maintenance) of your boat.

This exceptional yacht embodies elegance, innovation and impressive...

Join Princess Yachts France at the Cannes Yachting Festival 2024,...

Princess Yacht France is delighted to announce its presence at the...

We Are Yacht Brokers

Welcome to Atlantic Yacht & Ship, Inc. We remain an integral leader in the yacht and ship brokerage industry, serving the yachting community since 1959. Atlantic Yacht & Ship, in Fort Lauderdale, Florida is located in the heart of the “Yachting Capital of the World”. Whether buying or selling a quality motor yacht, center console, or having your luxury yacht built. Atlantic Yacht & Ship is your one-stop resource for the highest quality luxury yacht sales and service in the yachting industry today. The dynamics in buying or selling a yacht are complex and time consuming, but at Atlantic Yacht & Ship, our team of professional yacht brokers are prepared to handle the entire process and create a positive and easy experience for all our clients.

Presenting Our Featured Yachts

The Most Recent Yachting News

See Us At These Yachting Events

Atlantic Yacht & Ship, Inc.

• Global Headquarters - Fort Lauderdale, Florida
• Gardena, California
• Key West, Florida
• Moscow, Russia
• Myrtle Beach, South Carolina
• New England
• Palm Beach, FL
• Palma Mallorca Spain
• St. Clair Shores, Michigan
• São Paulo, Brazil
• Weehawken, New Jersey

   Moscow  

+7 918-465-66-44

https://atlanticyachtandship.com

Atlantic Yacht & Ship, Inc. is one of America’s oldest and most respected suppliers of Power and Custom Motor Yachts. We specialize in the brokerage of quality Luxury Motor Yachts, Sport Fisherman, Express Cruisers, and Trawlers. Incorporated in 1959, Atlantic Yacht & Ship is committed to providing unparalleled product knowledge and meticulous attention to all your boating needs. We are pleased to offer over 55 years of vast experience, referral clients and testimonials that speak for our dedication and level of customer commitment.

Moscow Russia Yacht Brokers

Andrey Shestakov