sigma 8 yacht for sale

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• Sigma 33 OOD Cruiser Racer

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History of Sigma Yachts

Sigma Yachts was established in the United Kingdom back in the late 1970s, radically changing the sailing landscape with their line of high-performance cruiser racers. This innovative boat manufacturer found immediate popularity and, amidst great appreciation, quickly emerged as one of the leader troves of cruiser-racer designs across the globe.

Sigma's boat-building ideology was centred on the concept of crafting cruiser racers that could operate well on both fronts. David Thomas, a well-known British designer, was the mastermind behind the creations that were famous for their speed, seaworthy build, and sensible below-deck arrangements. The Sigma 33’ and 36' became stalwarts at yacht clubs, with enduring popularity that has spanned decades.

Today, Sigma yachts are no longer in production but they remain an iconic part of the sport cruiser racing yacht genealogy. Even though the company has since changed hands and moved its base of operations to other regions, Sigma's original home was in Cornwall, and many of their yachts are still seen sailing and racing on UK waters. This timeless brand fully embodies the spirit of robust British sailing engineering and their exemplary product line remains a testimony to their excellence.

Which models do Sigma produce?

Sigma produce a range of boats including the Sigma 33 , Sigma 33 OOD Cruiser Racer , Sigma 36 and Sigma 292 . For the full list of Sigma models currently listed on TheYachtMarket.com, see the model list in the search options on this page.

What types of boats do Sigma build?

Sigma manufactures a range of different types of boats. The ones listed on TheYachtMarket include Sloop , Racing boat , Cruiser , Keelboat and Aft cockpit .

How much does a boat from Sigma cost?

Used boats from Sigma on TheYachtMarket.com range in price from £7,110 GBP to £46,600 GBP with an average price of £22,500 GBP . A wide range of factors can affect the price of used boats from Sigma, for example the model, age and condition.

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Search our catalog, go direct, enter a boat reference, sigma 8 metre sport, £ 0 sold / unavailable.

• Boat REF#  ·  16117
• Length  ·  8.00m
• Year  ·  1995
• Construction  ·  GRP
• Underwater profile  ·  Fin
• Lying  ·  Sussex

Boatshed Sussex

This boat is off the market but here are some boats that are still for sale.

• Specification
• Additional Information

Extra Details

Sloop rigged Sparcraft Aluminium spars (2000) with Stainless Steel standing rigging (2000)

Construction

2 halyard winches 1 anchors (CQR) 40.00m of rode 4hp outboard (2003)

Nav Equipment

Safety Equipment

Broker's Comments

The Sigma 8 Metre Sport is a one off design that has been built for yachting enthusiasts of all ages. It can easily be sailed by a crew of four in all wind conditions. With its' simple rig and sail plan there are no built in speed limits. There is a lifting keel which makes it easy to trailer. It can be launched and rigged without the use of a crane.

However, this boat has had its' rig modified in order to reduce the sail area. It is part of a fleet of Sigmas that were used by sailors of all abilities and so this change makes the boat easier to handle. This is a reversable modification which will enable the boat to perform to its' original design specifications.

This boat is one of six, which are for sale as a fleet also. There is a RIB and all the foulies and life jackets are part of the inventories. This makes this package perfect for anyone looking to set up a racing fleet for a club, or as a commercial venture.

The Sigma 8 has been designed to allow 6 people to sleep on-board. This boat has been stripped right down for racing, and so the creature comforts are minimal. This boat will give all who sail her the chance to experience sailing that is fun and competitive. Next step, Volvo 70s!!

This boat has been viewed and photographed by Miles Booker of Boatshed Sussex. Register or log in to see 25 more photos of this boat. These boat details are subject to contract.

Note: Offers on the asking price may be considered.

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Search our catalog, go direct, enter a boat reference, sigma 8 metre sport complete with trailer & outboard engine, full racing sails, £ 0 sold / unavailable.

• Boat REF#  ·  302672
• Length  ·  8.00m
• Year  ·  1994
• Construction  ·  GRP
• Underwater profile  ·  Lifting Keel
• Sleeping berths  ·  6
• Lying  ·  Essex

Boatshed Essex

This boat is off the market but here are some boats that are still for sale.

• Specification
• Additional Information

Extra Details

Sloop rigged Original Aluminium spars (1994) with Stainless Steel standing rigging (2018)

The SIGMA comes complete with a full race sail locker, including a new black laminated blade jib

Electrical Systems

12 volt battery, 1 batteries charged by: Portable battery kept in a dry storage case and charged at home.

Construction

The vessel has a lifting keel with bulb

Accommodation

No toilet is onboard as the boat has been used for racing, however the hull has seacocks fitted should the new owner wish to fit a sea toilet.

2 halyard winches 1 anchors (Damforth) 1.83m of chain 20.00m of rode 2hp outboard, Suzuki DT2, Short shaft () Anchor is a Damforth Fortress FX16

Nav Equipment

Safety Equipment

1 bilge pumps (1 manual / 0 electric)

Broker's Comments

A great example of this SIGMA 8 Performance racing sailing yacht, complete with a variety of different racing sails including a fantastic looking black jib.

She comes with a twin axle road going trailer and Suzuki outboard engine. The SIGMA 8 is perfect for those seeking speed and want to go racing. The current owner has maintained her to a very high standard and she appears to be in good condition. If you would like any more information, or a personal viewing then please contact our office and we will be pleased to help.

These boat details are subject to contract. Note: Offers on the asking price may be considered.

Owners FAQ's

How long have you owned the boat for, why are you selling her.

Change of circumstances

Where have you sailed her?

Local waters to Essex coastline

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sigma 8 for sale

The Sigma 36 is a signature David Thomas design evolved from the ever-successful 33 with the intention of providing more spacious accommodation...

Sigma 33 00D

Sigma 33 00d.

The Sigma 33ood has proved herself to be a great all-round yacht. Capable and comfortable to cruise and being a one design you can enjoy class racing...

Sigma yachts Sigma 33

We are offering for sale a Sigma 33 very well upgraded Completely refitted in 2022. Radar. Standing rigging 2019. New Yanmar 30 hp engine. Full...

Sigma Yachts 41 (sailboat) for sale

Sigma yachts 41.

Classic Sigma 41, version 2 cabins + 2WC. Cockpit with steering wheel and electric panel. Seats in both boards and stern with storage lokers....

Sigma 36 For Sale | 1984

Overview 1984 Sigma 36 For Sale. ‘Shearwater’ has a great inventory including Raymarine Autopilot, GPS, Radar, Navtex, solar panel & more....

For Sale: 1978 Sigma 41

Remarks : Accommodation : it has two cabins Inventory : It has an inventory Mechanical : It has a rig Specifications Builder: Sigma Make: Sigma ...

1985 Sigma 36 | 36ft

For Sale: 1983 Sigma 36

Symphony has a great inventory including Autopilot, GPS & more. She sleeps up to 8 people in two cabins and has a fully equipped galley with sink...

SIGMA 38 OOD

Sigma yachts sigma 38 ood.

Remarks : For sale Sigma 38. Hull 118 of 125 built so one of the last boats out of the yard. The spacious and thoughtfully laid-out interior offers...

For Sale: 1986 Sigma 362

This is an absolute load of boat with a 2015 engine and fairly recent sails. Appearing to have been well maintained by her owner she looks to be in good condition...

For Sale: 1984 Sigma 33

This is a fine example of the OOD Sigma 33, with a very impressive list of maintenance and upgrades over the years. The current owner has continued...

Sigma 36 (1984) for sale

English 1984 Sigma 36 For Sale. ‘Shearwater’ has a great inventory including Raymarine Autopilot, GPS, Radar, Navtex, solar panel & more. She...

1982 Sigma Yachts 33, EUR 37.000,-

Sigma yachts.

Well Maintained - Fully Equipped - VAT Paid The Sigma 33 1982 stands as an iconic sailing yacht, perfect for sea enthusiasts seeking a blend of...

For Sale: 1984 Sigma 41

Boatshed Kent are delighted to be presenting this Sigma 41 for sale. Sigma's have an excellent reputation as fast and stable cruiser...

For Sale: 1980 Sigma 33C

Built in 1980. White GRP superstructure with fin keel, fractional Bermudan sloop rig, aft cockpit with tiller steering, 6 berth internal layout in 2 cabins with...

For Sale: Medmerry II

Designer: David Thomas Builder: Marine Projects, May 1983 Hull number: 014. GBR5542T IRC rating 0.980 2013. Official number 703748, 1983 Rye. Present ownership...

English The Sigma 36 is a signature David Thomas design evolved from the ever-successful 33 with the intention of providing more spacious accommodation...

For Sale: Sigma 36

For Sale: 1984 Sigma 36

Marketing The Sigma 36 is a signature David Thomas design evolved from the ever-successful 33 with the intention of providing more spacious accommodation...

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Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.

• Mike Lynch won an unexpected jury acquittal after a dramatic 12-year legal saga.
• HP accused him of cooking the books of his company Autonomy to make it seem worth billions more.
• He finally won — and then he, his lawyer, and his codefendant all died within days.

In 2011, Mike Lynch was the toast of the tech world.

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion.

Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. HP's executives said at the time that Autonomy had the potential to transform HP and usher the Silicon Valley titan into a new generation.

None of that happened. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances.

The claim led to a vicious decadelong series of legal disputes.

Another Autonomy executive, Sushovan Hussain, was convicted of fraud in 2018 and sentenced to five years in prison. Federal prosecutors brought criminal charges against Lynch and Stephen Chamberlain, the company's former vice president of finance.

Lynch's court battles concluded with a three-month criminal trial in San Francisco. After just two days of deliberation, jurors found Lynch and Chamberlain not guilty on all counts.

"The truth has finally prevailed," his lawyer Chris Morvillo said.

Within months, Lynch, Chamberlain, and Morvillo were all dead.

A takeover doomed from the start

Lynch, who studied neural networks for his Ph.D. at Cambridge University, spun off Autonomy from a previous company, Cambridge Neurodynamics, in 1996.

Using sophisticated algorithms, Autonomy allowed users to organize and search through large amounts of unstructured data. It was a bright spot in Britain's tech industry and was listed on the country's stock-market index.

Autonomy's clients included Oracle, Adobe, Cisco, AT&T, and HP itself. But HP's purchase of Autonomy was controversial.

The hardware company's CEO, Léo Apotheker , who had been in the position for less than a year, tried to shift the company's direction. HP had struggled to sell printers and servers as part of its traditional hardware business. Apotheker wanted to spin off HP's personal-computing division and make a big bet on moving the company into software, which had higher margins.

Analysts hated the idea. Shareholders sued. HP's value dropped by more than half. The company's board fired Apotheker within weeks of the decision to buy Autonomy, before the deal even closed.

Related stories

His successor, Meg Whitman, fired Lynch and wrote down the value of Autonomy by $8.8 billion, which indicated HP paid nearly four times what it should have. The New York Times columnist James B. Stewart floated the case that it was the worst acquisition in corporate history — even worse than AOL's ill-fated purchase of Time Warner.

In a stunning move, HP accused Lynch of fraud the following year. The company alleged he and Hussain, a former CFO, inflated Autonomy's sales figures. The FBI and the UK's Serious Fraud Office both opened investigations.

Lynch fervently denied accusations of wrongdoing. He pointed out that Autonomy was audited by Deloitte, which hadn't found issues. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales.

The culture at HP, he said, was poisonous.

"It was like boarding a plane, realizing the engine is on fire, and then going up to the cockpit only to find that the pilots are having a fight," he told The Telegraph at the time .

According to The New York Times, lawyers representing shareholders in the lawsuit against HP obtained a copy of the company's own KPMG-prepared due-diligence report. The report said that Autonomy wasn't transparent enough with its finances, but Apotheker moved forward with the takeover anyway, deciding that Autonomy's potential was worth it.

A legal morass

The UK's Serious Fraud Office announced in January 2015 that it closed its investigation into Autonomy, finding insufficient evidence for legal action, though it referred some issues to the US Justice Department.

In the subsequent months, HP and Lynch sued each other in the UK. As those cases wound their way through the British court system, US prosecutors continued investigating HP's purchase of Autonomy. In 2016, they brought fraud charges against Hussain, who was found guilty in a 2018 jury trial. British regulators formally barred him from the financial industry earlier this year after he completed a five-year sentence in the US.

HP unloaded Autonomy altogether, selling parts of it in 2016 and 2017.

In November 2018, Justice Department prosecutors went directly after Lynch and Chamberlain.

Their indictment accused Lynch and Chamberlain of falsifying financial documents, lying to auditors and regulators, and suppressing the voices of people who criticized Autonomy's financial practices.

Lynch was no longer looking at civil fights over money. He was facing the prospect of up to 20 years in prison.

For years, Lynch fought extradition to the US. Powerful in British political circles — he had advised David Cameron when Cameron was prime minister and served on the boards of the BBC and the British Museum — he and his lawyers argued that his legal issues should play out in the UK, not the US. American criminal laws were unfairly stacked against him, his lawyers said.

HP's lawsuit against Lynch — still churning in the background — finally went to trial in 2019. Apotheker testified he would have abandoned the Autonomy acquisition if he had a better understanding of its finances. Lynch argued that the whole morass was orchestrated by Whitman, Apotheker's successor, who harbored political ambitions (she ran for governor in California and is currently the US ambassador to Kenya) and wanted to shift the blame for Autonomy's failures to someone else.

Robert Hildyard, the judge who oversaw the case, ruled mostly in HP's favor. In a 2022 decision that ran over 1,700 pages, he wrote that HP overpaid for Autonomy because of deceit from Lynch and Hussain. Hildyard hadn't yet decided how much they would owe in damages, but he wrote it would be "substantially less" than the $5 billion HP asked for.

When he wasn't fighting legal battles, Lynch continued to be an entrepreneur. He founded a venture-capital firm, Invoke Capital, and invested in and helped run the cybersecurity firm Darktrace, which,  Politico reported, has deep ties  to Britain's intelligence agencies.

Financial disclosures Lynch filed last year as part of his criminal case indicated he was worth about $450 million.

The criminal trial

The UK finally extradited Lynch to the US in May 2023 , where he prepared for his trial — alongside Chamberlain as a codefendant — while under house arrest in San Francisco.

Lynch had a top-shelf legal team, but after the British court loss and Hussain's conviction, the chances of an acquittal seemed bleak.

Lynch testified at the end of his three-month trial, which began in March, telling jurors he wasn't involved in day-to-day financial oversight of the company. Misunderstandings, he said, could be chalked up to the differences between British and American accounting practices.

"A lot of what we've been looking at is like peering through the door of a kitchen and seeing the sausage-making machine, and that's how it really works," he told jurors, according to The Times of London . "If you take the microscope into even the most spotless kitchen, you'd find bacteria. If it wasn't there, that'd be something very abnormal. I don't think Autonomy was any different."

Jurors believed him. In June, they declared Lynch not guilty of the 15 charges against him, clearing Chamberlain as well.

Morvillo, one of Lynch's lawyers in the trial — as well as in the preceding decade of legal disputes — praised the jury, saying it had rejected "the government's profound overreach in this case."

"This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig. "Thankfully, the truth has finally prevailed."

In an interview with The Times of London after the trial , Lynch reflected on how, with a great burden lifted off him at the age of 59, he could remake his life.

He mourned the deaths of his brother and mother, who both died ahead of the criminal trial. He mused about using his fortune to start a British version of the Innocence Project, which prevents wrongful convictions in the US.

"Now you have a second life," he told The Times. "The question is, what do you want to do with it?"

But first, a celebration. Lynch; his wife, Angela Bacares; one of his two daughters; Morvillo and his wife, Neda; and several others went on a superyacht, the Bayesian , which was anchored outside Sicily and owned by Bacares.

Chamberlain moved back to the UK. While running near his home, a driver hit him with a car . He died in a hospital on Saturday.

On Monday, a sudden storm struck the Bayesian. The yacht capsized.

Of its 22 passengers, 15, including Bacares, were rescued.

But rescuers have pulled five bodies from the wreckage, including Morvillo's and Lynch's . A sixth remains trapped inside the boat. Lynch's daughter Hannah remains missing.

Correction: August 22, 2024 — An earlier version of this story misnamed Lynch's lawyer. His name was Chris Morvillo, not Charles Morvillo.

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Search Resumes for British Mogul and 5 Others After Yacht Sinks Off Sicily

The body of the vessel’s cook was recovered while divers searched the hull of the Bayesian for passengers, including the tech entrepreneur Mike Lynch.

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By Elisabetta Povoledo

Deep-sea divers with Italy’s firefighter corps resumed their search on Tuesday for six missing passengers — including a British software mogul and his daughter — of a yacht that sank off the coast of Sicily the previous day.

Twenty-two people were on board the 180-foot British-flagged sailing yacht, the Bayesian, which was anchored near the port of Porticello, when it was hit by what witnesses described as a waterspout, a small tornado on water, during a sudden and violent storm.

Fifteen people who managed to get to a raft were rescued by the captain of a nearby sailing cruise ship. The body of the yacht’s cook, identified by news outlets as Recaldo Thomas, a Canadian Antiguan, was recovered on Monday. But several people are still unaccounted for, according to Salvatore Cocina, an official with Sicily’s civil protection agency.

Those still missing are Mike Lynch, a British technology entrepreneur; his daughter Hannah; Jonathan Bloomer, chairman of Morgan Stanley International; his wife, Judy Bloomer; Christopher J. Morvillo, a lawyer at Clifford Chance; and his wife, Neda Morvillo.

Mr. Lynch was acquitted of fraud in a U.S. trial in June, ending a high-profile, decadelong legal battle against accusations that he had defrauded Hewlett-Packard when he sold his company, Autonomy, to Hewlett for $11 billion.

Mr. Lynch and the others went missing days after Mr. Lynch’s co-defendant at the fraud trial, Stephen Chamberlain, a former vice president of finance at Autonomy, was fatally struck by a car on Saturday while out for a run, his lawyer, Gary S. Lincenberg, said in a statement.

Prosecutors in the Italian city of Termini Imerese, east of where the yacht sank, are opening a formal investigation into the yacht’s sinking. Reached by telephone, the chief prosecutor declined to comment.

The search for the missing passengers began on Monday but was suspended late that night as crews found themselves limited to the bridge deck and items like furnishings “obstructing passage,” the firefighters’ corps wrote on social media .

When divers resumed the search on Tuesday, ships trawled the waters near the site, the corps said in a statement. The Italian Coast Guard also said in a statement that search operations were “continuing unabated,” with the deployment of helicopters. There was no evidence that gasoline was leaking from the yacht, the Coast Guard said.

The yacht was lying on its right side in about 165 feet of water, meaning that divers, working in pairs, could stay underwater for only about 12 minutes at a time, said Luca Cari, a spokesman for the firefighters’ corps.

Divers were seeking a safe point of access to the vessel’s cabins. “Obviously, everything fell and the space is very tight,” Mr. Cari said, adding that the divers were having to remove obstacles, like furnishings and electrical wiring, that were “completely blocking passages.”

The firefighters’ corps said in a statement that it was impossible to verify whether people were inside the hull.

Mr. Cari said that several divers had been part of the search-and-rescue operations when the Costa Concordia, a cruise liner, capsized off the Tuscan island of Giglio in 2012, killing 32 people. It is considered one of the worst maritime disasters in modern Italian history.

“It’s like the Costa Concordia, but much smaller,” Mr. Cari said in a telephone interview, comparing the search operations. “In the Costa Concordia, we came across many obstacles but we somehow were able to overcome them. Here, the obstacles block the passages and have to be removed.” He added, “This makes it more difficult.”

Crews were also trying to raise the yacht, which experts will examine to try to determine why it sank. Until then, experts can only hypothesize what happened.

Karsten Borner, the captain of a ship, the Sir Robert Baden Powell, which picked up the Bayesian’s 15 survivors, said in an interview that when the wind picked up around 4 a.m. Monday, the Bayesian was about 490 feet behind his vessel. Once the wind wound down, he said, he could not see the yacht anymore.

“My theory was that she was capsized first and then went down over the stern,” Mr. Borner said.

Dario Boote, a ship structures and naval architecture professor at the University of Genoa, said: “Now I imagine that a whole series of lawsuits will be triggered, obviously to ascertain whether there is any responsibility, as always happens very unpleasantly in these situations.” He said, however, that in this case, responsibility might be hard to determine. “Clearly, only once the wreck is raised will we know more,” he added.

Several fishermen told Italian news outlets that they had witnessed a waterspout. Peter Inness, a meteorologist at the University of Reading, said they were relatively common in the Mediterranean, though their occurrence and intensity are unpredictable.

“Until one actually forms, you can’t start telling people where it is,” Mr. Inness said, or “how to get out of the way.”

The inclement weather — with lightning intermittently streaking through the sky — made it hard to know exactly why the yacht sank. Col. Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said the agency had registered intense lightning activity and strong gusts of wind in the area at the time the boat sank.

The Bayesian had one of the tallest aluminum masts in the world, according to its builder, Perini Navi. “Having a tall aluminum mast would not make it the safest port to be in case of a storm,” said Andrea Ratti, associate professor of nautical design and architecture technology the Politecnico di Milano. The type of intensity unleashed by a violent lightning storm “could have created a significant shock wave,” he added.

He, too, cautioned that “a lot of questions will remain until we have other elements at our disposal.”

Modern yachts are built to withstand meteorological events of reasonable intensity, and all international naval registers suggest that new ships be designed for higher waves and more frequent and extreme weather events.

But “this seems a case of an unreasonable extreme event,” said Emilio Fortunato Campana, an expert in Naval Hydrodynamics at Italy’s National Research Council. “In that case, no ship is 100 percent safe,” he added. “I think the Titanic showed that nothing is unsinkable.”

Elisabetta Povoledo is a reporter based in Rome, covering Italy, the Vatican and the culture of the region. She has been a journalist for 35 years. More about Elisabetta Povoledo

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Sigma Yachts Sigma 8 M

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13 New and Used Sigma

Shotley (United Kingdom)

OFFERED BY:

Clarke & Carter Yacht Brokers

Accommodation There are seven berths in two cabins plus the saloon, with two double cabins separate from the main accommodation. There is full standing headroom, plenty of ventilation and sto...

Portland (United Kingdom)

Marketing Description The Sigma 36 is a signature David Thomas design evolved from the ever-successful 33 with the intention of providing more spacious accommodation whilst retaining the cru...

Crosshaven, Cork (Ireland)

Network Yacht Brokers

Remarks : This 1984 Sigma 33 is in good condition for her year and has been laid up ashore since the end of 2019. Her inventory includes a Volvo 18HP diesel engine, seven berths,2019...

Gosport (United Kingdom)

Indigo Yachting Ltd

The Sigma 36 is a signature David Thomas design evolved from the ever-successful 33 with the intention of providing more spacious accommodation whilst retaining the cruiser-racer ethos of the s...

Sigma 38 OOD

Willemstad (Curaçao)

Yacht Broker Caribbean

Classic Sigma 38 from 1988 is still a great racer-cruiser, just crossed the Atlantic from Spain to the Dutch Caribean by a crew of 2.The engineinstalled in 2012 Fuel tanks cleaned ...

Sigma 33 00D

Argyll and Bute (United Kingdom)

Miles Stratton Marine Sales Ltd

The Sigma 33ood has proved herself to be a great all-round yacht. Capable and comfortable to cruise and being a one design you can enjoy class racing & she will compete wel...

Maryport (United Kingdom)

Maiden Marine Ltd

Stormer was designed by David Thomas and built by Marine Projects, Plymouth, alongside the more famous Sigma 33, 36,38 and 41. Only about 30 Sigma 292's were built due to them b...

Falmouth (United Kingdom)

The Sigma 362 is a distinguished sailing yacht built with impeccable construction quality. This well-kept vessel features many recent upgrades, including new rigging and a ne...

Pwllheli (United Kingdom)

Built in 1987 and mainly used in North Wales. She is a well equipped example of this popular cruiser / racer. Priced to sell and available for the 2024 season we recommend an early viewing. In...

Sigma 33 OOD

Isle of Wight (United Kingdom)

The Sigma 33 is considered to be one of the most successful cruiser/racer designs ever. Designed by David Thomas and built by Marine Projects, around 400 were produced and most UK sailing clubs...

Isle of Cumbrae (United Kingdom)

Remarks : Built 1988, Incitatus, a Sigma 38, has been well maintained, and has had two extensive refits during the current ownership, making her one of the strongest and most stable...

North Suffolk (United Kingdom)

This is a nicely equipped example of the hugely popular Sigma 33. Overall she is in good condition with a few minor areas that do need cosmetic attention. She benefits from a newer engine...

Eastbourne (United Kingdom)

Engine serviced October 2023 - this boat has had monumental recent investment - check out the details to appreciate what has been done! This is an impressive looking Sigma 38 that has seen...

* Price displayed is based on today's currency conversion rate of the listed sales price.

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Who Is Mike Lynch? Tech Entrepreneur And Daughter Hannah Lynch Missing After Yacht Sinks Near Sicily

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Mike Lynch, a British tech entrepreneur who once ranked on the Forbes billionaire list and founded software company Autonomy that over the past decade has been mired in legal problems, is reportedly missing alongside five others after a yacht sank off the coast of Sicily Monday morning.

Lynch is reportedly missing after a yacht sank near the coast of Sicily. (Photo by Dan ... [+] Kitwood/Getty Images)

Lynch founded Autonomy, a company that developed software that could analyze large batches of data, in 1996 with David Tabizel and Richard Gaunt, a company that grew to serve clients including the U.K. and U.S. governments, Shell and BMW.

Autonomy sold to HP in 2011 for $11 billion—but HP announced an $8.8 billion writedown the following year after discovering “serious accounting improprieties” that artificially inflated the value of Autonomy, leading to civil and criminal charges filed against Lynch, who has consistently denied wrongdoing.

The U.K.’s Serious Fraud Office launched an investigation into HP’s allegations in 2013, but closed the investigation in 2015 after finding insufficient evidence.

Lynch was cleared on 15 charges by a San Francisco jury in June 2024, including one count of conspiracy and 14 counts of wire fraud, concluding a three-month trial in which Lynch, who had been extradited to the United States, argued he did not inflate Autonomy’s value.

HP won a fraud case against Lynch in the U.K. in 2022 after a judge found that HP had “substantially” argued Autonomy had artificially inflated its value, with the company set to receive damages, though the payment is expected to be less than the $5 billion claimed by HP.

At the height of his tech career, British media referred to Lynch as “Britain’s Bill Gates.”

A luxury yacht carrying 22 people sank off the coast of Sicily on Monday morning. Fifteen people were rescued from the ship, while one was found dead and six more remain missing—including both Lynch and his 18-year-old daughter Hannah, multiple news outlets reported . Two Americans are among those missing, according to multiple reports . Eight of those rescued from the vessel are receiving treatment at a nearby hospital. The yacht sank after being hit by a tornado , according to the Italian coast guard.

Key Background

Lynch, an Irish-born entrepreneur raised in England, founded Autonomy using technology he had developed while a student at Cambridge University. Autonomy grew out of Cambridge Neurodynamics , a fingerprint recognition business Lynch had founded in 1991. Before Lynch became the CEO of Autonomy, he completed a Ph.D. in signal processing and connectionist models at Cambridge. Lynch’s doctoral thesis is reportedly one of the most widely read research works in Cambridge’s library. Lynch garnered a reputation as an uncompromising boss—which prosecutors used as an argument against him in his U.S. trial, with witnesses describing a piranha tank in the Autonomy office and office rooms named after James Bond villains, a film franchise Lynch was known to be a fan of. Lynch was given an Officer of the Order of the British Empire (OBE), a civilian honor for making significant contributions in a field of work, in 2006. In 2011, he was elected to former U.K. Prime Minister David Cameron’s council for science and technology.

Outside of Autonomy, Lynch is the founder of venture capital firm Invoke Capital, which he launched after the sale of Autonomy. With Invoke, Lynch invested the cybersecurity company Darktrace and the legal software startup Luminance.

Surprising Fact

Lynch made the Forbes billionaires list in 2014 and 2015 with an estimated net worth of $1 billion, but he fell off the list in 2016.

Further Reading

1 Dead, 6 Missing After Luxury Bayesian Yacht Sinks Off Coast Of Sicily (Forbes)

UK tech entrepreneur Mike Lynch among missing in Sicily yacht sinking (The Guardian)

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard (Associated Press)

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Mike Lynch among missing after yacht sinks off Sicily

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Giuliana Ricozzi in Rome and Tim Bradshaw in London

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Mike Lynch, one of the UK’s best-known tech entrepreneurs, is among those missing after a luxury yacht sank off the coast of Sicily in bad weather.

Lynch, the former chief executive of Autonomy, was acquitted of criminal charges by a jury in San Francisco in June, vindicating the 59-year-old entrepreneur after a 12-year legal battle over the software group’s $11bn sale to Hewlett-Packard in 2011.

Among the passengers on Lynch’s 56-metre yacht Bayesian were members of his legal team and their families, who had been invited on the trip to celebrate the courtroom victory.

Jonathan Bloomer, chair of insurance group Hiscox and Morgan Stanley International, who appeared at the trial as a witness for the defence, was also on board and is one of those missing, according to local Italian authorities and people familiar with the matter.

Hiscox chief executive Aki Hussain said the company was “deeply shocked and saddened” by events. “Our thoughts are with all those affected, in particular our chair, Jonathan Bloomer, and his wife Judy, who are among the missing, and with their family as they await further news from this terrible situation.”

Christopher Morvillo of law firm Clifford Chance, who represented Lynch, is also missing. Six guests in total are missing and one member of the crew is confirmed dead.

Another Clifford Chance lawyer, Ayla Ronald, was among 15 of the 22 guests and crew who the authorities said were rescued from the stricken vessel.

Lynch ’s 18-year-old daughter Hannah is also missing while his wife Angela Bacares was rescued.

Video description

The search operation near Palermo following the sinking of the yacht Bayesian

The yacht incident came on the same day as the death was confirmed of Lynch’s co-defendant in the US fraud case, Stephen Chamberlain, who was hit by a car in Cambridgeshire.

Gary Lincenberg, an attorney who represented Chamberlain in the case, said Autonomy’s former vice-president of finance, whom he described as a “courageous man with unparalleled integrity”, had been fatally struck by a car while out running on Saturday.

Following the courtroom verdict, Lynch had said he was “elated” and was “looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field”.

David Yelland, a communications adviser who worked with Lynch, said: “To think Mike Lynch might have lost his life just as he began to rebuild it is devastating for all those that know him. His entire life is one of beating the odds in the most extraordinary of situations, we must pray he does so again.” 

A spokesperson for Lynch declined to comment.

The Italian coast guard said Bayesian sank to a depth of approximately 50 metres off the coast of Palermo.

Giuseppe D’Agostino, mayor of Santa Flavia, a village on the coast close to where the vessel sank, said the search had not stopped. “The community is shaken. Everyone is helping,” he told the Financial Times.

“I spoke to some survivors. They are shocked. They didn’t have the strength to speak,” he added.

Another survivor was Charlotte Golunski, a partner at Lynch’s venture firm Invoke Capital, along with her husband James Emsilie and one-year-old daughter. She told Italian media that her family had left their cabin during the storm and headed for the deck.

Records indicate that Lynch’s family-owned the yacht. Bayesian is owned by Isle of Man-registered company Revtom Limited, according to shipping database Equasis. Isle of Man filings show that Bacares is the sole shareholder of Revtom.

The Sunday Times rich list estimated Lynch’s family fortune at £500mn earlier this year.

The name Bayesian is likely to be a reference to the 18th-century English statistician Thomas Bayes, whose theory of statistics informed the search technology behind Autonomy’s software.

The yacht had been anchored at the small Italian island of Panarea, according to MarineTraffic, a boat tracking site. It then passed through the Aeolian Islands on its way to Palermo before being hit by what has been described as a “tornado”.

Luca Cari, a spokesperson for the Italian fire department, said divers and other rescue workers had been working at the scene since Monday morning.

“We arrived when the ship had already sunk,” he said, adding that the operation was complicated by the depth to which the boat had sunk. Cari said the body had been recovered outside the shipwreck. He declined to identify the victim.

The UK’s Department for Transport said the UK’s Marine Accident Investigation Branch was deploying a team of four inspectors to Palermo to conduct a “preliminary assessment into the foundering”. The UK will lead the investigation because the vessel was flying the British flag.

Additional reporting by Michael Acton, Robert Wright, Robert Smith, Joshua Franklin, Jim Pickard and Ian Smith

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