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Aggressive deck and hull lines, speed, important sail area, relatively light displacement (88 tons!): ready for racing.

Elegant, comfortable while at anchor as well as while sailing, simple, well-trimmed in her style, provided with every comfort: for high-class cruises. These are the two souls of the new 115’ sailing yacht project by Nauta Design and by Judel-Vroljik. Though conflicting at a first sight, they’ve been finally turned into an exquisite marriage.

This 35 mt. L.O.A. sloop, in built at Baltic Yachts in Finland, the worldwide renowned Shipyard specialized in hi-tech constructions, comes out as the fruit of a successful meeting between a highly experienced regattas-winner very demanding client, the Italian designers and German naval architects, whose experiences are well proven by many stunning projects.

Since the first briefing the challenge was extremely interesting for Nauta, binding with some ‘key’ demands concerning performances, elegance, comfort.

A work of fine tuning which engaged Nauta Design for general concept, exterior styling and interior design, and Judel-Vroljik, for the Naval Architecture. The two studios have already fruitfully worked in synergy on a 116’ blue-water cruising yacht currently under construction at Baltic too.

The client’s request to race successfully in several regattas will be accomplished thanks to a very high performance hull, which is the result of a thorough CFD study, in addition the use of pre-preg carbon sandwich, a powerful sailplan and remarkable stability - achieved through the 5.85 mt. draft of the keel (3.65 mt. with the keel completely lifted).

At the same time the yacht offers the most exigent guests some interior elements which are normally the characteristics of yachts in a higher L.O.A. range: the saloon, extremely bright despite the flush-deck roof thanks to the wide top and side windows, a “professional” bar area, an extremely comfortable chill-out/tv area, four spacious guest cabins, with a large and elegant Owner’s cabin, three comfortable cabins for crew including the Captain’s double cabin, the functional and spacious galley.

On the exteriors the pure racers will be happy to find race oriented hardware and systems as in example the transversal hydraulically controlled jib sheeting which allows not only fore and aft but also inboard/outboard jib trimming.

At the same time the Owner family and friends will enjoy the huge sunbed areas and luxury comfort features such as the opening transom, which is designed to be the “grand entrance” for guests as they are welcomed on board, and a relaxing area equipped with fridge and showers.

The interiors features low weight furniture with composite panels covered with thin veneer. The styling is simple, essential and intriguing, with a smooth chromatic balance and a deep feeling of calm transmitted to the guests through the gentle combination of oak wood and light coloured linen panels.

Baltic Yachts have entrusted worldwide known Van Cappellen for a major study in order to minimize noise levels on board, that resulted in a masterfully conceived acoustic insulation. The depth of knowledge and experience of Nigel Ingram from MCM, acting as the Owner’s Project Manager, is a further important contribution to the team.

This is the third Nauta project built by Baltic Yachts, and now the studio is ready to face the future with many stunning designs in their records, full of motivations and new ideas already in progress.

• Yacht Builder Baltic Yachts No profile available
• Naval Architect Judel / Vrolijk & Co. View profile
• Exterior Designer Nauta Design View profile
• Interior Designer Nauta Design View profile

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NIKATA // Baltic Yachts

The new high-performance cruiser/racer by baltic yachts nikata hits 28 knots on the log during her transatlantic maiden voyage to the caribbean..

Pictures by Guido Cantini

The very modern lines come from the drawing boards of judel/vrolijk  yacht design studio in Bremerhaven, Germany. The interior (no photos yet) Nauta work. The machinery mounts have been redesigned to reduce vibration.

Nikata was built for both family cruising and racing. Baltic equipped her with high-speed winches and an advanced barber hauling system for the headsail. To reach smaller anchor bays, the yacht has a lifting keel by APM to reduce the draft from 5.85m to 3.65m.

The Nauta designed fold-out bathing platform with stairs enables easy access to the sea from the large cockpit.

Main Specifications og NIKATA

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Baltic Nikata

Baltic Nikata 115’

The newly launched Baltic 115’ Nikata, the latest all-carbon custom performance racer/cruiser designed by Nauta Design in collaboration with judel/vroljik & co, has lived up to the promise of her sleek and fast looks completing her first Atlantic crossing at speeds that topped at 28.8 knots.

This dramatically elegant, sleek, silver-hulled 88 ton yacht was built for an owner who is an experienced yachtsman with many high profile regatta wins under his belt. He had a demanding and challenging brief for Nauta Design and Project Manager Nigel Ingram: a beautiful yacht built for speed and elegance in safety and comfort. Nikata has proved to be all that he wished for.

Nikata is the third Nauta Design project built by Baltic Yachts, the renowned Finnish shipyard specialized in hi-tech carbon construction. Nauta Design contributed the general concept, exterior styling and interior design while naval architects judel/vroljik & co designed the hull and waterlines after extensive performance optimizing VPP studies. The Owner’s Project Manager, Nigel Ingram from MCM, also made an important contribution to the Nikata team. The same team recently collaborated successfully on the 116’ blue-water cruiser Doryan, launched in early 2015. Gurit was responsible for the structural engineering.

The Owner already had a regatta agenda in mind and wanted an innovative and competitive yacht with winning potential. Nikata’s performance hull is in pre-preg carbon sandwich and has aggressive lines optimized for speed after extensive CFD tests. The yacht has a relatively light displacement of 88 tons, a powerful sail plan and remarkable stability thanks to a lifting keel that extends from 3.65 m to 5.85 m.

The low, streamlined deckhouse is Nauta Design’s latest definition of the shape of performance racer/cruisers. The glossy, iron grey metallic hull colour and the softer silver grey of the deckhouse set off the natural teak deck for a stylish, contemporary look that remains sporty and seafaring.

Sportsmen will be happy to find top notch racing hardware and systems on deck such as transversal hydraulically controlled jib sheeting for both fore/aft and inboard/outboard jib trimming.

Nikata’s interiors offer luxuries usually found only on larger, less sport-orientated yachts. The coachroof is flush-deck but the saloon is light and bright thanks to top and side windows. There is a professional bar area for relaxing after racing and a comfortable chill-out/TV area for recovering. All fittings and furnishings are in lightweight yet durable composite panels veneered in oak and upholstery and wall panels are in light coloured linen for a style that is simple and pared down yet elegant and soothing to the eye.

Cabins include a large and elegant Owner’s cabin and three spacious guest cabins. Crew areas include a functional and spacious galley, a double cabin for the Captain, two other cabins and a comfortable crew mess. The “Owner forward” layout places all crew and operational areas aft so that crew and guest areas are kept separate and the crew can have quick access from interior to deck and vice versa.

When Nikata is not racing, her Owner and his family and friends can enjoy huge sunbed areas and the ingenious fold-out stern platform. This feature was engineered and designed by Nauta and built by Baltic to incorporate a wide set of steps along with a swimming area so that guests can reach the main deck and large cockpit with ease. In the stowed position this teak-laid platform seamlessly becomes part of the aft deck.

Baltic Yachts brought Van Cappellen Consultancy to the project for their masterful soundproofing. After her thrilling Atlantic crossing, Nikata is now in the Caribbean well in advance of her scheduled regatta debut.

World Superyacht Awards Motivation: Exterior Design & Styling Award

Showboats Design Awards motivation: Exterior Design & Styling Award Interior Layout & Design Award Naval Architecture Award Holistic Design Award

MAIN DIMENSIONS

All photos by Guido Cantini

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BALTIC 115 NIKATA

The key features of this yacht are performance, elegance and comfort. Hull lines with a racing pedigree and a powerful sail plan combine with light displacement to make her competitive on the race course, while her elegant styling and comfortable interior will make for relaxed cruising.

Nauta Design is responsible for the exterior styling and interior design with hull lines by judel/vrolijk. Accommodation consists of a saloon, a spectacular bar area, a comfortable chill-out/TV lower saloon, four spacious guest cabins, a large and elegant owner’s cabin, three crew cabins and a spacious galley.

A key feature on deck is the wide, opening transom, which with its impressive ‘staircase’ leading to the deck is designed as the ‘grand entrance’ for guests as they are welcomed aboard. The opening transom doubles as a swimming platform equipped with showers and a fridge.

The yacht benefits from carbon foam sandwich construction and is equipped with a lifting keel. Nigel Ingram from MCM managed the project and delivery took place in Autumn 2015.

DELIVERY YEAR

MAIN SPECIFICATIONS

• L.O.A. 35.00 m
• D.W.L. 32.52 m
• DRAFT 3.65/5.85 m
• DISPLACEMENT 88,000 kg
• BALLAST 33,000 kg
• NAVAL ARCHITECT judel/vrolijk & co

IMAGE GALLERY

We’re constantly updating our website to bring you news of launchings, new commissions and Baltic inspired innovation.

• Owners essentials

Baltic 115’ Nikata Launched

Baltic 115’ Nikata Launched The newly launched Baltic 115’ Nikata, the latest all-carbon custom performance racer/cruiser designed by Nauta Design in collaboration with judel/vroljik & co, has lived up to the promise of her sleek and fast looks completing her first Atlantic crossing at speeds that topped at 28.8 knots. This dramatically elegant, sleek, silver-hulled 88 ton yacht was built for an owner who is an experienced yachtsman with many high profile regatta wins under his belt. He had a demanding and challenging brief for Nauta Design and Project Manager Nigel Ingram: a beautiful yacht built for speed and elegance in safety and comfort. Nikata has proved to be all that he wished for. Nikata is the third Nauta Design project built by Baltic Yachts, the renowned Finnish shipyard specialized in hi-tech carbon construction. Nauta Design contributed the general concept, exterior styling and interior design while naval architects judel/vroljik & co designed the hull and waterlines after extensive performance optimizing VPP studies. The Owner’s Project Manager, Nigel Ingram from MCM, also made an important contribution to the Nikata team. The same team recently collaborated successfully on the 116’ blue-water cruiser Doryan, launched in early 2015. Gurit was responsible for the structural engineering.

The Owner already had a regatta agenda in mind and wanted an innovative and competitive yacht with winning potential. Nikata’s performance hull is in pre-preg carbon sandwich and has aggressive lines optimized for speed after extensive CFD tests. The yacht has a relatively light displacement of 88 tons, a powerful sail plan and remarkable stability thanks to a lifting keel that extends from 3.65 m to 5.85 m. The low, streamlined deckhouse is Nauta Design’s latest definition of the shape of performance racer/cruisers. The glossy, iron grey metallic hull colour and the softer silver grey of the deckhouse set off the natural teak deck for a stylish, contemporary look that remains sporty and seafaring. Sportsmen will be happy to find top notch racing hardware and systems on deck such as transversal hydraulically controlled jib sheeting for both fore/aft and inboard/outboard jib trimming. Nikata’s interiors offer luxuries usually found only on larger, less sport-orientated yachts. The coachroof is flush-deck but the saloon is light and bright thanks to top and side windows. There is a professional bar area for relaxing after racing and a comfortable chill-out/TV area for recovering. All fittings and furnishings are in lightweight yet durable composite panels veneered in oak and upholstery and wall panels are in light coloured linen for a style that is simple and pared down yet elegant and soothing to the eye. Cabins include a large and elegant Owner’s cabin and three spacious guest cabins. Crew areas include a functional and spacious galley, a double cabin for the Captain, two other cabins and a comfortable crew mess. The “Owner forward” layout places all crew and operational areas aft so that crew and guest areas are kept separate and the crew can have quick access from interior to deck and vice versa. When Nikata is not racing, her Owner and his family and friends can enjoy huge sunbed areas and the ingenious fold-out stern platform. This feature was engineered and designed by Nauta and built by Baltic to incorporate a wide set of steps along with a swimming area so that guests can reach the main deck and large cockpit with ease. In the stowed position this teak-laid platform seamlessly becomes part of the aft deck. Baltic Yachts brought Van Cappellen Consultancy to the project for their masterful soundproofing. After her thrilling Atlantic crossing, Nikata is now in the Caribbean well in advance of her scheduled regatta debut.

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Baltic 115 Nikata hits 28 knots on maiden voyage

The newly launched Baltic 115  Nikata has completed successful sea trials and recently arrived in the Caribbean. During her maiden transatlantic passage the 35 metre sailing yacht reached an impressive 28 knots.

Nikata is the latest collaboration between Italian designer  Nauta Design , German naval architect  Judel Vrolijk  and Finnish yacht builder Baltic Yachts .

Nikata  is designed as a fast, comfortable family cruising yacht, however high precision engineering means_ _she can also perform on the race course as per the client’s specific brief.

The custom built yacht was launched just weeks after the arrival of the last collaboration between this designer and yard dream team, the super car-inspired  Baltic 116 Doryan .

The dramatic exterior styling of  Nikata  comes from Nauta Design, who also designed the world’s largest yacht , 180 metre  Azzam .

Nikata 's fierce looks are backed up in her competitive performance, as she is designed to hold her own on the superyacht regatta circuit, attributed in part to a powerful sail plan: she carries 395 square metres of mainsail, a 280sqm genoa and a 940sqm gennaker.

After intense computational fluid dynamics studies, naval architects Judel Vrolijk derived a very high-performance hull. Constructed in pre-preg carbon, the  Nikata  has a light displacement of only 88 tons.

She is also extremely stable thanks to her 7.9 metre wide transom. The 33 ton bulb lifting keel, that goes from 3.65 metres to 5.85 metres, should make Nikata competitive upwind when it is fully lowered.

Interior design, also by Nauta, follows the race-cruiser brief with lightweight furnishings and composite panels covered with thin veneers for further weight savings. The motif is simple and clean, with oak woods and light coloured linens.  Nikata  can accommodate eight in an owner’s cabin, one VIP cabin and two guest cabins, with three cabins for crew.

The transom of Nikata is a key feature, opening up to present a wide swimming and boarding area with steps providing easy access to the cockpit.

Nikata will now be made race ready for the start of the Royal Ocean Racing Club’s Caribbean 600 regatta in February.

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Experts puzzle over why Bayesian yacht sank. Was it a 'black swan event'?

The Bayesian set off on a leisurely cruise around Italy's southern coast on a sunny day in late July.

The luxurious super yacht − which boasted one of the largest masts in the world and carried a crew of business moguls, including British tech tycoon Mike Lynch and his family and a chair of Morgan Stanley − set sail from the Amalfi Coast, bound for Sicily.

Less than a month later, the ship had sunk 160 feet under the water , leaving its cook dead and six of its passengers, including at least two Americans, missing and prompting a massive search that has drawn international attention.

Now, experts are trying to piece together why in the early hours Monday the Bayesian was quickly pulled under the waves amid a storm that saw at least one tornado spin up over the water.

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A perfect storm led to Bayesian sinking, experts say

The combination of unlikely factors that could have contributed to the ship's fate constituted a "black swan event," Matthew Schanck, chairman of the Maritime Search and Rescue Council, told USA TODAY.

The Bayesian was well-built: A 2008 product of Italian ship maker Perini, it was constructed in accordance with international maritime standards and commercially certified by the U.K.'s Maritime and Coastguard Agency, according to Schanck.

The bout of bad weather that swept the area when the ship went down was also out of the ordinary in the northern Mediterranean, "which isn't renowned for prolonged, significant stormy weather," he said.

"The fact that those two elements have then resulted in the foundering of a super yacht is pretty extraordinary," Schanck said. "These things don't happen every day."

After the ship sank just before 5 a.m. local time, 15 people, including a 1-year-old, were pulled from the water. Some were rescued from a life raft by the crew of a ship docked nearby.

Ricardo Thomas, the ship's cook and a native of Antigua, was found dead, according to authorities.

As of Tuesday, six people were missing, including Lynch and his 18-year-old daughter. Several missing passengers were involved in Lynch's trial on fraud charges, including Jonathan Bloomer, a Morgan Stanley chair who served as his character witness, and one of Lynch's attorneys. Lynch, accused of fraud after he sold his company to electronics giant Hewlett-Packard, was acquitted of all charges weeks ago.

Who is Mike Lynch? UK entrepreneur among those missing after superyacht sinks off Sicily

Tornado formed over unusually hot water

Storms in the area that night may have whipped up a water spout, a tornado over the water , according to local meteorologists.

It was likely triggered by the water's unusual warmth, said Rick Shema, a certified consulting meteorologist who served in the Navy.

"The water spout was an uncommon occurrence," he said. "But again, these things happen, especially in warmer water."

At 83.7 degrees, water in the area was more than 3 degrees hotter than average on the day the Bayesian sank, likely the result of climate change, Shema said.

"Hurricanes can form at 80 degrees. This was almost four degrees higher than that," he said.

The water spout may have spun up when cooler air dropped from mountainous places nearby onto the hot water, he said. "A water spout is a vortex, basically like a tornado, spinning real fast, sucking up water and moisture as the column rises," he said.

Although water spouts only reach around 120 mph, as compared with tornadoes on land, which can reach up to 300 mph, "you don't need 200 mph to sink a ship," he said.

"Even an average tornado, 120 miles an hour, that's a lot of wind," he said, "which would heel the boat over for sure."

Water spouts spring up suddenly, Shema said. Before they strike, winds can be slow, but "once the water spout comes over, bam, it's on," he said.

Before sunrise, the ship's crew may not have seen the water spout coming. "The visibility was probably a big factor," he said.

With the windows of the yacht opened, as they likely were in the hot weather, the water spout could have triggered water that flooded through the portholes, Shema said, causing the ship to sink.

Tragedy strikes: Scramble to find survivors after Bayesian yacht sinks off Sicily coast

Search continues, but shift to recovery phase approaches

Italian authorities said the Bayesian was probably at anchor when the storm struck, meaning it couldn't maneuver and ride the waves, according to Mitchell Stoller, a captain and maritime expert witness. Other ships in the area that turned on their engines rode out the storm, he said.

"When you're at anchor and you see weather, you start your engine and you put the wind on the bow. You don't let it get on the side," he said.

Schanck said another key question concerns the position of the keel, a heavy weight underneath the boat that acts as a counterbalance to keep it upright, when the ship sank. When lifted, "that's going to affect the stability of the vessel, because, obviously, you've now raised the center of gravity of that vessel," he said.

The Bayesian was floating over 160 feet of water at the time, deep enough that the keel would likely be deployed. But the fact that "the vessel heeled over so heavily makes me question that," Schanck said.

The cause of the disaster may not be known until the ship can be examined in more detail, experts say. Prosecutors in a nearby town have already opened an investigation.

Schanck said investigators will have plenty to work with once the operation moves into a recovery phase.

"The vessel is intact and in good condition on the seabed," he said. "There's a lot of eyewitness accounts from other vessels in the area and the shore."

As the search entered its second day on Tuesday, the rescue effort may shift in that direction soon. "I suspect, later on, today or tomorrow, we'll probably see some mention of a recovery operation being stated," Schanck said.

The decision to would depend on whether rescuers find signs of life in the ship and air pockets or survivable spaces, Schanck said. At this point, survivors on the water's surface looks unlikely. "My professional opinion is that the casualties will be located within the vessel," he said.

"There is a risk versus benefit in all maritime search and rescue incidents," he said. "Where we start transitioning to a recovery phase, that line shifts."

Contributing: Reuters

Cybele Mayes-Osterman is a breaking news reporter for USA Today. Reach her on email at [email protected]. Follow her on X @CybeleMO.

Who was onboard tech mogul Mike Lynch's Bayesian yacht?

Topic: Disasters, Accidents and Emergency Incidents

Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.

British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.

Fifteen people escaped from the sinking vessel. The search for the missing continues.

Here's what we know so far: 

What happened?

The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time. 

Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.

Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank. 

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said. 

"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.

Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.

"They were in the wrong place at the wrong time," Mr Cocina added. 

Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.

"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.

Rescuers recover the body of one of the people aboard the Bayesian.  ( AP: Lucio Ganci )

Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.

Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.

Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.

The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".

Sicilian prosecutors have also opened an investigation into the event. 

Who is missing?

Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing. 

There were 12 passengers and 10 crew members aboard the yacht. 

Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.

Of the 22, one man is confirmed dead and another six people are still missing. 

They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.

Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.

"I think they are inside, all the missing people," he said.

Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.

The still missing people include: 

• Mr Lynch's 18-year-old daughter, Hannah 
• Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
• Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
• The identities of the remaining two missing are still unconfirmed

Who was rescued? 

Fifteen people escaped from the sinking ship. 

Eight have been hospitalised and others were taken to a nearby hotel.

Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves.  ( Supplied: Facebook  )

Among those rescued were:

• Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
• Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
• Ms Golunski's husband James Emslie
• New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
• A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified

Who is Mike Lynch?

Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy. 

The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. 

He received the OBE for his innovation in 2006. 

He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million. 

HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.

Mike Lynch in 2019 leaving the High Court in London.  ( Reuters: Henry Nicholls/File Photo )

But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.

As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges. 

He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling. 

He was eventually cleared of all charges in June this year. 

Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion. 

Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."

The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.

This picture shows the rescue operations off the Sicilian coast.  ( AP: Italian Coast Guard  )

In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support. 

What is the Bayesian?

The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.

It was previously named Salute when it flew under a Dutch flag.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.

Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week. 

This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line.   ( AP: Fabio La Bianca/Baia Santa Nicolicchia )

The ship also won a string of awards for its design. 

Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking. 

It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

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Watch CBS News

Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster

By Aimee Picchi

Edited By Anne Marie Lee

Updated on: August 21, 2024 / 12:05 PM EDT / CBS News

Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges . 

On Wednesday, two bodies had been brought to shore in Porticello, near Palermo, and two more were in the process of being brought ashore. Britain's Telegraph newspaper reported that the bodies of Lynch and his 18-year-old daughter were among the remains recovered Wednesday, but the civil protection chief would not confirm that report to CBS News. 

Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people. 

But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied. 

The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts.

"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," Lynch said in a statement after the verdict.

Here's what to know about Lynch. 

What company did Mike Lynch start?

Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian.

From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.")

The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents.

Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006.

Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K. 

"I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper. 

What happened after Autonomy's acquisition by HP?

At first, HP celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret it under then-CEO Meg Whitman.

HP claimed it found accounting irregularities, and the company ended up recognizing $8.8 billion in losses in the Autonomy deal. Whitman eventually fired Lynch in 2012, while also laying off thousands of workers as HP's fortunes sagged. 

Throughout the past 12 years, Lynch rejected the allegations. He told the Wall Street Journal in 2012 that he was "ambushed" by the claims, which he described as "completely and utterly wrong."

What happened with Mike Lynch's legal case?

Lynch maintained his innocence while testifying earlier this year before a jury during a 2 1/2 month trial in San Francisco. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP.

The jury, as noted above, delivered not-guilty verdicts in June, vindicating Lynch, who pledged to return to the U.K. and to find new ways to innovate. 

Who is Mike Lynch's wife? 

Mike Lynch is married to Angela Bacares, who is one of the people rescued from the Mediterranean after the yacht sank. Lynch and Barares have two daughters. One of them, Hannah, 18, is among the missing, according to the BBC. 

Bacares, 57, owns shares in Darktrace, a British cybersecurity company she and Lynch co-founded, the Sun noted . She sat in the front row of the courtroom during her husband's trial, but generally has preferred to stay out of the public eye, the Times of London reported in July.

"We made the decision that Angela would not be involved in the case. She stayed completely separate. Her focus was the family and children," Lynch told the Times last month.

— With reporting by the Associated Press.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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