Tech Entrepreneur Mike Lynch Among the Deceased in Superyacht Tragedy

The body of Mike Lynch, the 59-year-old British tech investor, has been recovered from the sunken Bayesian superyacht, according to Massimo Mariani from the Italian Interior Ministry, who spoke with Reuters on Thursday.

Lynch, who co-founded the tech company Autonomy—which Hewlett-Packard acquired for $11 billion in 2011—was aboard the luxury yacht that sank off the coast of Sicily early Monday morning after being struck by a tornado.

Lynch amassed significant wealth from Autonomy, with his net worth recently estimated at around $450 million. However, the acquisition quickly became troubled, with HP writing down Autonomy’s value by $8.8 billion within a year. The deal, intended to boost HP’s software business, was mired in legal issues, culminating in a high-profile fraud trial.

Prosecutors had accused Lynch and former Autonomy finance executive Stephen Chamberlain of inflating Autonomy’s revenue before the sale. Lynch was acquitted of 15 charges, including conspiracy and wire fraud, in a San Francisco court this June. The verdict was a significant relief for Lynch, who described it as a momentous shift from what could have been a devastating outcome, according to the Times.

Autonomy, founded in 1996, grew to become Britain’s largest software company and a prominent member of the FTSE 100 index. Mike Lynch, the company’s co-founder, was highly regarded by academics and scientists and served as an advisor to the British government on technology and innovation.

Lynch was on the Bayesian, a 56-meter yacht connected to his wife, Angela Bacares, who was among the survivors. Ownership records from maritime information service Equasis reveal that the yacht is registered to Revtom Limited, a company owned by Bacares.

As of Thursday, Lynch’s 18-year-old daughter, Hannah, remains missing, according to Mariani. Divers continue to search the area where the yacht sank. Earlier in the day, a fifth body was recovered from the wreckage and transported to ambulances at the Sicilian port of Porticello, as reported by a CNN team on-site.