erolia yacht owner

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main features

Tender & toys, yacht for charter.

detailed specs

• builder Custom Line
• model Custom Line 120
• length 38.36 M (125.10 FT)
• beam 7.61 m (25.00 ft)
• draft 2.13 m (7.00 ft)
• displacement 271 kg
• engines 2 X MTU 16V 2000 M94
• max speed 25 KNOTS
• cruising speed 22 KNOTS
• fuel consumption 800 l/h at cruising speed

price Charter fee per week

High season, other months.

Charter fee includes: Yacht accommodation, crew service, bed linen and towels, final cleaning

Extras: VAT, APA

• Custom Line 120: Unveiled in 2022
• Main Deck Master Suite for Ultimate Luxury
• Contemporary and Stylish Interior Design
• Aft Deck Area for Al Fresco Dining
• Expansive Flybridge: Abundant Space to Enjoy
• Chase Boat - Wally 48 (14.50m / 47' 7")
• Sea doo RXT-X 260HP
• 2 x Jobe sea scooter
• Inflatable stern platform

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Contact our charter specialists

BARBARA GRGUREVIĆ ŠKODA

SANJA NEVEŠĆANIN

Erolia - send enquiry.

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Can Luxury Yachting Be Ecological?

Navigating smooth waters: the comprehensive financial management services of yacht in, mediterranean yacht charter itinerary.

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CABINS: 5 | GUESTS: 12 | CREW: 7

Erolia yacht, a stunning Custom Line 120 yacht delivered in 2022 and maintained in impeccable condition, epitomizes luxury yacht charter at its finest. With accommodation for 12 guests, Erolia presents an unparalleled experience for those seeking a superyacht charter in the Mediterranean . Boasting elegant interiors, spacious staterooms, and a wealth of outdoor lounging areas, Erolia is the epitome of sophistication on the seas.

Supported by a dedicated crew of seven, Erolia yacht is moored in Croatia , offering a prime location for exploring the crystal-clear waters of the region. The main salon exudes an inviting ambiance with its floor-to-ceiling windows offering panoramic views of the sea, while the open-plan layout seamlessly connects the various living spaces. From the plush sofas to the large dining table, guests can enjoy a seamless indoor-outdoor experience, with the aft deck providing a perfect setting for relaxation and entertainment.

A highlight of Erolia superyacht is its versatile flybridge, designed to cater to various preferences. Guests can bask in the sun on ample sun pads or seek shelter under the hardtop for shade. The flybridge also features comfortable seating options, inviting guests to unwind and soak in the scenery. Additionally, the beach club offers more sunbathing space and easy access to the water, complete with a selection of top-of-the-line water toys for aquatic adventures. Erolia truly sets the stage for a memorable mega yacht charter experience in the Mediterranean .

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Erolia Superyacht Specifications

Length: 38.36 metres (125' 10")

Beam: 7.61 metres (25')

Draft: 2.1 metres (7')

Number of Guests: 12

Number of Crew: 7

Built: 2022

Builder: Custom Line

Naval Architect: Ferretti Engineering Department

Hull Construction: Composite

Hull Configuration: Planing hull

Air conditioning, Stabilisers at anchor, Stabilisers underway, WiFi connection on board

Accommodation At Erolia Yacht

Number of guests: 12

Number of cabins: 5

Cabin configuration: 3 Double Cabins, 2 Twin Cabins

Bed configuration: 1 King Beds, 2 Double Beds, 6 Single Beds

Engines: She is powered by 2 MTU engines (model 16V 2000 M94), which give her a cruising speed of 22.0 kn and a top speed of 25.0 kn. The yacht carries 16,000 liters of fuel on board, and 3,000 liters of water. ENGINE POWER, HP : 2 x 2638 HP

Cruising Speed: 22 knots

Fuel Consumption: 800 Litres/Hr

TENDERS & WATER SPORTS

Chase Boat - Wally 48 (14.50m / 47' 7")

Sea doo RXT-X 260HP

2 x Jobe sea scooter

Inflatable stern platform

✔ Custom Line 120 delivered in 2022 ✔ Master suite on the main deck with an en suite and far-reaching views ✔ Expert & mindful fantastic Crew of 7 ✔ Wide windows offer panoramic views in main salon ✔ Stylish & modern interior design ✔ Aft deck area for al fresco dining ✔ Ample on-deck areas ideal for sunbathing ✔ Vast & spacious flybridge

UPON REQUEST

Yacht provisioning Helicopter/airplane charter  Concierge services Private chef Luxury cars & transfers

• EROLIA Custom Line 120
• Yacht Charter
• Luxury Motor Yachts & Crewed Power Catamarans

Description

EROLIA Luxury Yacht Charter Croatia

Charter yacht EROLIA was launched by Ferretti Group's Custom Line shipyard in 2022 as a 120 planing model. Measuring more than 38m in length and incarnating a contemporary Francesco Paszkowski interior design, EROLIA makes big waves as one of our most exciting and striking new fleet additions in Croatia.

EROLIA Custom Line 120 superyacht for charter boasts unparalleled outdoor relaxing spaces packed into a flowing powerful profile. The flybridge, for example, offers several sunbeds plus a lounging area aft, and below the hardtop a shaded alfresco dining table for 8 guests. The bow features flush sunpads and two foldable cocktail tables with seating, whereas the aft cockpit on the main deck level comes with another large dining area. 

EROLIA's stylish interior scores with a timeless theme displaying robust modern woodwork in combination with beige leather accentuated by red highlights, and light lacquered surfaces. Thanks to her massive floor-to-ceiling windows the salon is enlightened by an abundance of natural light providing spectacular seascapes of the Adriatic Sea.

EROLIA luxury yacht for charter sleeps 12 guests in 5 deluxe double cabins of which one spacious master stateroom on the maindeck forward, and 4 cabins on the lower deck of which 2 VIP and 2 twin cabins with two pullman beds making this Custom Line 120 equally suitable for families or friends at the same time. 

Nothing is left to chance when it comes to comfort, service, and fun on board M/Y EROLIA. In addition to all her generous relaxing areas, comfort is ensured thanks to the latest zero-speed and underway stabilizer systems, whilst 7 crew members including a professional captain and expert chef will leave no wish unfulfilled. Last but not least, entertainment out on the sea is secured thanks to a powerful jet-ski, fliteboard, seabob, two diving scooters, water-skis, and a monoski. As another highlight EROLIA luxury yacht teams up with a Wally 48 chase boat, a tender practically representing a 15m day charter boat on its own ideal to transport guests in style and comfort, but also to tow the water toys without compromises to performance.

Motor yacht EROLIA is based in Trogir near the Split International Airport but considers all of the coast in Croatia, as well as Venice in Italy, and Montenegro in the south. A crew profile and sample menu are available on request. Contact us for more information on Custom Line 120 EROLIA luxury motor yacht charter in Croatia now as she is booking up fast.

Special Features

Cabin configuration: 1 master, 2 VIP and 2 twin cabins Bed configuration: 1 king, 2 queen, 4 single and 2 Pullman beds

All cabins with en-suite bathrooms, air condition throughout, 2 generators, stabilizers at anchor, stabilizers underway, satellite TV, movie library, state-of-the-art audiovisual equipment, Wi-Fi internet, all outside cushions and sun pads for generous sunbathing areas, swimming platform, stern/cockpit shower and a variety of water toys.

Tenders and water toys

14,50m Wally 48 chase boat, Sea-Doo  RXT-X 260hp, Seabob, Fliteboard, 2 Jobe sea scooters, wakeboard, water skis, monoski, inflatable stern platform and snorkeling gear

Send inquiry

Available from croatia italy.

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Price slice on motor yacht Erolia at ABYS Yachting

Here’s yet another price drop as Olivier Badri at ABYS Yachting sends news of a €500,000 price drop on the 32.92m motor yacht Erolia .

Built by Sanlorenzo in 2009 to RINA class, she was designed by Della Role and accommodates eight guests in four staterooms while twin 2434hp MTU engines deliver a cruising speed of 24 knots.

Erolia is now down from €7.3 million to €6.8 million.

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2022   Custom    126ft  /  38.4m

EROLIA Yacht Charter

EROLIA is actively available for charter.

The luxury motor yacht EROLIA was built by Custom and delivered to her owner in 2022.

The exterior of EROLIA is designed by Francesco Paszkowski Design.

The 126ft / 38.4m EROLIA has been constructed with a grp hull and is powered by 2x MTU 16V 2000 M94 with a cruising speed of 22 knots and a top speed of 25 knots.

Charter guest accommodation

EROLIA has been designed to comfortably accommodate up to 12 charter guests in 5 suites.

The guest cabins comprise a primary suite with a king size bed and en-suite bathroom facilities, a cabin with a queen size bed and en-suite bathroom facilities, a cabin with a double bed and en-suite bathroom facilities and 2 cabins with a twin bed and a pullman bed and en-suite bathroom facilities.

Your luxury charter crew

Your luxury charter on board motor yacht EROLIA will be managed by the crew of 7 including the captain.

The crew will ensure you have a relaxed and enjoyable charter experience with all of your needs catered for while on board.

The 7 crew have their own separate crew quarters allowing guests to enjoy increased levels of privacy.

Amenities & Entertainment

Amenities on board for the charter guests include Air Conditioning, Outdoor shower, Sun pads, Sun loungers, Swim platform and Wi-Fi.

An extensive list of further amenities and water toys can be seen under the features and amenities section.

Yacht charter destinations

EROLIA is Currently cruising in the East Mediterranean.

Sample itineraries for the cruising destinations can be supplied by your professional charter broker allowing you to plan your luxury yacht charter vacation in detail.

• Air Conditioning
• Outdoor shower
• Sun loungers
• Swim platform
• Inflatable Watertoys
• Jet Skis (standup)
• Tube - towable
• Water skis - adult
• Underwater lighting
• Underwater scooters
• 1x 14.63m / 48' Wally Tender

Destinations

Frequently Asked Questions

How much to charter erolia.

EROLIA has a weekly charter price starting at €160,000 and an estimated daily charter price of €26,700.

How many guests on board EROLIA?

EROLIA can accommodate 12 sleeping guests on board in 5 cabins.

Legal Disclaimer

Motor Yacht EROLIA is displayed on this page for informational purposes and may not necessarily be available for charter. The yacht details are displayed in good faith and whilst believed to be correct are not guaranteed, please check with your charter broker. Charter Index does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information or images displayed as they may not be current. All yacht details and charter pricing are subject to change without prior notice and are without warranty.

U.S. Customs & Border Protection

The yachting industry has no global listing service to which all charter yachts must subscribe to, making it impossible to ascertain a truly up-to-date view of the market. Charter Index is a news and information service and not always informed when yachts leave the charter market, or when they are recently sold and renamed, it is not always clear if they are still for charter. Whilst we endeavour to maintain accurate information, the existence of a listing on Charter Index should in no way supersede official documentation supplied by the representatives of a yacht.

Specification

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East mediterranean.

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• Link to search page
• US: +1 (561) 833 4462
• US: +1 (206) 209-1920
• MC: +377 99 90 74 63

Yacht for Charter EROLIA

Yacht Charter EROLIA By Custom

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Contact Us For More Information

Electronics.

• Inflatable Watertoys
• Jet Skis (standup)
• Tube - towable
• Water skis - adult
• Air Conditioning
• Outdoor shower
• Sun loungers
• Swim platform
• Underwater lighting
• Underwater scooters

Request a Brochure

125′ 11”/38.36m   •   Custom Line   •   2022 12 Guests   •   5 Cabins   •   7 Crew From €160,000 per week + expenses

AVAILABLE IN CROATIA July  21 – 28  & 31 Aug – 7 Sep

Erolia is a beautiful example of a Custom Line 120 yacht. Delivered in 2022 and in immaculate condition, she is ready to welcome her 12 overnight guests in sophisticated surroundings. Erolia will catch the eye of any discerning charter group thanks to her array of al fresco spaces, chic interior design, and beautiful staterooms. Served by a highly committed and well-reputed crew of seven, Erolia is based in Croatia and is the ideal yacht for experiencing the region’s clear and inviting water.

Embark on an unforgettable adventure in Croatia alongside an exceptionally committed long-term team led by Captain Andy.

  Client feedback:

This was the most fantastic vacation. You took care of everything with such attention to detail. The service was top-notch. Everyone was helpful, kind, and always smiling. We appreciate the playfulness and sense of humor as well. The week was magical, and you all made that happen for us. Thank you!!

We had nothing short of the BEST time aboard the M/Y EROLIA. The service and hospitality were truly top notch. The crew was amazing, every detail was thought through. We are devastated to leave and will remember this as a trip of a lifetime.

EROLIA and her crew are outstanding in every way. They go out of their way to make the clients feel they are at home. From food to drinks to activities to entertainment, they do everything they can to ensure an amazing experience for their guests. We especially appreciated the special and unique Croatian experience they created for us. We had an unforgettable week on board EROLIA and are already looking forward to our return!

TENDERS & TOYS

Chase Boat – Wally 48 (14.50m / 47′ 7″) Sea doo RXT-X 260HP Flite board Sea bob 2 x Jobe sea scooter 2 x SUP Wakeboard Skis Mono ski Inflatable stern platform

KEY FEATURES

Custom Line 120 delivered in 2022 Master suite on the main deck with en-suite far-reaching views Expert & mindful fantastic Crew of 7 Wide windows offer panoramic views in main salon Stylish & modern interior design Aft deck area for al fresco dining Ample on-deck areas ideal for sunbathing Vast & spacious flybridge

EXQUISITE FAMILY CHARTER YACHT

An outstanding charter yacht delivered in 2022, Erolia offers guests a beautiful Italian design, spacious accommodation and outdoor areas aplenty.  An excellent yacht for a large group of friends or a family, Erolia accommodates 12 guests across five cabins. Her full beam, main deck master stateroom is particularly exceptional, with incredible ocean views and a private sitting area.

The inviting main salon boasts expansive floor-to-ceiling windows for panoramic seascapes and an abundance of natural light throughout the day. Guests can relax on her plush sofas or savor long meals together at her large dining table. Erolia’s open-plan design allows guests to flow between her spaces, with a full-height glass door leading seamlessly to her aft deck. A second seating area is found here, together with an indoor/outdoor bar for cocktails with a view.

The versatile flybridge space is yet another well-thought-out design feature on board Erolia. Guests can enjoy ample sun pads or retreat in the shade under her hardtop. Further comfortable seating options are found on her flybridge, which allows for all on board to make the most of this space.

Elsewhere, additional sunbathing space is found on her beach club. From here, guests can easily access the ocean and her excellent collection of water toys.

BOOK A LUXURY YACHT VACATION IN CROATIA TODAY

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Sinking of a super yacht adds to questions billionaire Mike Lynch wanted to put behind him

I t was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered ten of his closest friends along with his wife and daughter on the dock of Porto di Milazzo, on the Northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the sale of his software firm Autonomy to Hewlett-Packard for $11 billion. 

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch’s trial, as well as one of Lynch’s lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch’s venture capital firm, a second member of his defense team, and his wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s co-defendant in the fraud trial, Stephen Chamberlain, who had also been acquitted, had been fatally run over by a car as he was out jogging—a shocking coincidence.

Less than a week after the tragedy, there are far more questions than answers. Did the yacht named Bayesian—an homage to a statistical theorem for predicting future outcomes—simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn’t they reach Lynch and the six others who did not make it out? Italian officials are looking into manslaughter charges, but it’s not yet clear who they may have in their crosshairs. Giovanni Costantino, who runs The Italian Sea Group that owns Perini Navi, the Italian maker of the yacht, had harsh words for the crew, who he blames. "This is the mistake that cries out for vengeance," he told Reuters .

There are also huge questions swirling around the business ventures of the man dubbed the “British Bill Gates.” While the Bayesian excursion was to serve as a celebration of Lynch’s acquittal on all charges in the U.S.—where he had spent months under house arrest—the reality is that his legal troubles were far from over. In a January 2022 civil trial, the UK’s High Court found that HPE had “substantially succeeded” in proving that Autonomy leaders had fraudulently made it look like the company was earning more revenue than it was. In 2019 Autonomy’s CFO was convicted of 16 counts and sentenced to five years in prison. At this time, the UK case is in a holding pattern as the judge determines what damages are owed to HPE. (The company’s spokesperson Adam Bauer says HPE is, “saddened by this tragic event, and our thoughts are with the families and friends of all those who lost their lives.”)

But Lynch’s passing also looms over Invoke Capital, the venture firm he founded in 2011 and whose managing partner—Charlotte Golunski—survived the yacht disaster and saved her 1-year old baby. One of Invoke’s most prominent bets was a 2013 seed stage investment in Darktrace, a cybersecurity firm on whose board Lynch sat until 2018. Darktrace has developed a reputation as a sleek AI cybersecurity startup with ties to spy agencies like MI5 and the U.S. National Security Agency. It also became the target of short-sellers who in 2023 expressed doubt over Darktrace’s financial filings—the same sort of allegations that plagued Lynch’s Autonomy. 

Darktrace insists that the shortseller’s allegations were baseless, and they say an EY audit it commissioned showed this to be the case. In April Darktrace received a $5.3 billion acquisition offer from the giant private equity firm, Thoma Bravo. The deal, which Fortune reported will likely go forward despite Lynch’s death, stood to help rehabilitate Lynch’s business reputation. As of August 14, he and his wife collectively owned 3.21% of the company, which would be worth some $170 million upon the deal’s completion. Invoke Capital has not responded to multiple requests for comment and Darktrace declined comment.

Following his U.S. acquittal, Lynch was pleased enough with the state of things that he had begun celebrating weeks before the yacht party. In the days following the not-guilty verdict, Lynch, his wife, Stephen Chamberlain and his wife, the attorney Chris Morvillo—who drowned on Bayesian—and 20 other lawyers gathered at a restaurant at a hotel near the San Francisco courthouse.

Brian Heberlig, an attorney at Steptoe who gave the closing argument in Lynch’s trial, recalls that Morvillo gave a moving toast, telling those assembled that the trial was more than just a job, but one of their life’s works. “He really was a brilliant man,” Heberlig told Fortune , fighting back tears as he remembered Lynch. “And he ran his legal defense the same way I imagine he ran Autonomy. He let the experts do their jobs, while still having a strong grasp on the material. As he used to say, ‘Let the brain surgeons do the surgery.’”

That night was the last time Heberlig ever saw Lynch or Morvillo.

A 'virtually unsinkable' boat

The sailing party departed August 14—five days before the storm—and was comprised of 12 guests and 10 crew. The Bayesian was one of the biggest yachts of its kind. Its first stop was a cluster of small islands off the coast of Sicily. Then it jetted across the sea to the Sicilian town of Cefalu, before putting down anchor for the final time on the coast of Palermo, a favorite getaway for the rich and famous, and a former haunt for the mafia.

Lynch’s wife, Angela Bacares, who reportedly held the couple’s entire $1.1 billion fortune, was jolted awake on August 18 as the boat began to tilt. Glass from a shattered window exploded across the deck, according to reports, cutting her feet as she ran to investigate.

Black and white security  footage  appears to show the outline of what is believed to be the 184-foot sailing yacht, which used call sign 2ICB8, slowly disappearing behind a thicker and thicker veil of rain. Nearby villagers and fishermen say they saw a sea tornado, called a waterspout. Soon after, the yacht lay on the ocean floor.

Theories are swirling about why the yacht sank. One holds that a bay door was left open in the storm, causing the ship to flood and sink in minutes. Another holds that the Bayesian’s 246-foot tall aluminum mast—one of the tallest in the world— broke in the wind and took the boat down with it.

Most news reports say the yacht sank almost instantly, but the CEO of the company that bought the boat’s maker after it went bankrupt in 2021 disputes that. In a Financial Times report, he called the boat “virtually unsinkable,” and says that it dragged its anchor for 16 minutes before it sank. 

During those fateful moments, a far older nearby yacht, the Sir Robert Baden Powell, built in 1957, was drifting on a similar course as the Bayesian and not only survived, but came to help. Some onboard saw a red flare shooting across the rainy sky—an emergency signal from those who had fled the doomed yacht, drawing the attention to a life raft filled with 15 of the 22 passengers.

Passenger Golunski, 35, who helped run Autonomy the first year it was at HP, described holding her one-year old daughter Sophia, as she screamed for help. One of Lynch’s most trusted employees, Golunski was a founding partner at Invoke Capital, the London-based firm that backed Darktrace. Lynch’s wife Bacares was also in the life raft along with Clifford Chance lawyer Ayla Ronald, 36, who reportedly texted to her father: “there are deaths.”

The lifeboat survivors were soon plucked from the sea while the Bayesian came to its current resting place 50 meters below the surface. Over the course of the next 72 hours, a team of scuba divers from the Guardia Costiera and specially trained cave divers from the Vigili del Fuoco, the local fire department, used boats and a helicopter to triangulate the yacht’s position. The divers, working in bursts of 8 to 12 minutes, searched the Bayesian’s six guest suites, master suite, multiple living areas, and dining room.

The body of the yacht’s chef, Recaldo Thomas, was the first to be found, floating on the water’s surface. On Wednesday, two days after the wreck, four more bodies were discovered, and on Thursday a fifth. Among them were Lynch and Chris Morvillo of the prestigious law firm Clifford Chance, who had made the controversial decision to have Lynch testify, and questioned him on the stand right before he was acquitted. The others discovered were Morvillo’s wife, Neda, as well as the Morgan Stanley banker and key witness, Jonathan Bloomer, who had been a former executive director at Autonomy, and his wife Judy. The body of Lynch's 18-year-old daughter, Hannah, was pulled from the sea on Friday.

The U.K. Maritime and Coastguard Agency tells Fortune it is in contact with the Italian authorities but would not provide further information. The UK’s Foreign Office told Fortune it is providing “consular support to a number of British nationals and their families…and are in contact with the local authorities.”

More questions than answers

Even as loved ones and the survivors begin to come to terms with the human toll of the tragedy, the business world has begun assessing Lynch’s complicated past, and his many business dealings. 

Lynch was born of modest means to a nurse and firefighter in a suburb of London. From an early age he showed a proclivity towards technology and a fiery determination. He studied Natural Sciences at Cambridge, then returned for a PhD in artificial neural networks, the building blocks of artificial intelligence. When he was still studying for his PhD, he started his first venture, Cambridge Neurodynamics, monetizing computerized fingerprint recognition, eventually evolving into Autonomy. 

Founded in 1996 with David Tabizel and Richard Gaunt, Autonomy used an early version of artificial intelligence to quickly scan what’s known as “unstructured data,” especially including language. Autonomy quickly became a darling of the UK’s fledgling tech scene, and it was seen as a crowning achievement when, in 2011, the company struck an $11 billion deal to be purchased by HP, now HPE. The deal, however, was quickly engulfed in scandal when a year later the new owner alleged accounting fraud and wrote down its investment by $8.8 billion.

Despite the baggage around Autonomy, Lynch continued to ride high in the tech world through his venture firm, Invoke Capital, which he founded in 2012. One of its most profitable investments was Darktrace, which he backed in 2013 and joined as a board member. By 2016 he told TechCrunch 60 employees from Autonomy were working at Invoke, that he’d raised a billion dollars to invest in startups, and that Darktrace was worth $500 million.

While fighting the legal battle over Autonomy and building Invoke, Lynch enjoyed the trappings of a mogul. The same year he announced his billion-dollar startup fund, he was sailing the Bayesian, worth an estimated $25 million. He reportedly also owned a $6 million, 69-acre Georgian manor.

By early 2020 Darktrace shared deep connections with Autonomy, including half of Darktrace’s board and six of its eight top executives. The following year Darktrace went public, soaring 40% above its pre-market value. But the victory lap was brief. In September 2022, an acquisition talk between private equity firm Thoma Bravo and Darktrace fell through , sending share prices tumbling. In early 2023, the short-selling firm Quintessential Capital Management published a 70-page report accusing Darktrace of similar misconduct that had sunk Autonomy.

“We are deeply skeptical about the validity of Darktrace’s financial statements,” the report read. Darktrace’s shares plunged as much as 17% after the report was published, though the company said at the time that the management team and board had “rigorous controls in place.” Darktrace hired EY to perform an audit, which stabilized its share price after the accounting firm found the company's earlier financial results did not need to be restated. Darktrace never publicly released the report, however, with a spokesperson saying at the time that it contained “commercially sensitive information.”

More recently, Darktrace’s CEO Poppy Gustafsson wrote in the firm’s Q4 trading report of “shareholders voting overwhelmingly in favour” of the acquisition, and added the company is “awaiting the conclusion of the remaining regulatory processes.”

Until very recently, Darktrace had sought to distance itself from Lynch and his VC firm. In December, shareholders passed a resolution that rejected Invoke executive Patrick Jacob's reappointment to its board. This April, Invoke lost the right to that same board seat when it was discovered its shares had fallen below the required 10% threshold. Nonetheless, in a memorial to Lynch, Darktrace CEO Poppy Gustafsson wrote : “Without Mike, there would be no Darktrace. We owe him so much.”

While the Italian authorities continue to investigate the crash site, one thing is certain: the swirl of legal and business battles that surrounded Lynch during his lifetime are likely to continue after his death. A local Italian news site reports that the public prosecutor's office in a nearby town, Termini Imerese, is looking into allegations of manslaughter surrounding the sunken boat. And two months before Lynch died, former UK secretary of state David Davis reportedly said he was working with Lynch to scrap U.S./U.K extradition agreements that allowed Lynch’s trial to happen in the first place. 

On Wednesday, August 21, Davis told GB News he would continue that fight in memory of Lynch. “We need to get a grip of this,” said Davis. “Mike, when he’d won his case, almost the first thing he did was ring me up and say, ‘we’re going to have to defeat this treaty, we’re going to have to overcome this treaty and get it changed for the better.'"

“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 after the verdict.

Lynch’s desire to extend the legal fight even after his not-guilty verdict reflects the scrappiness he displayed throughout his life. This helped him ascend to the highest rungs of business and moguldom—but the success also came with a tenuous quality as questions about his business dealings dogged him for years. The not-guilty verdict and the pending Darktrace sale meant Lynch was in position to finally cast off that shadow. But now his ultimate legacy is poised to be tied forever to a mysterious and tragic hour on the Mediterranean Sea.

This story was originally featured on Fortune.com

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Still with prime August and September availability in Croatia , the 38.36m (125′ 10) Custom Line luxury charter yacht EROLIA is now available with a 10% discount, on remaining weeks. Launched in 2022, she offers accommodation for up to 12 guests, over 5 staterooms. With interior styling by Francesco Paszkowski Design and naval architecture the work of Ferretti Engineering Department, she has a contemporary and functional layout.

Luxury yacht EROLIA

The yacht’s interiors are a blend of neutral tones and stunning woods, from her open plan salon with dining to her beautifully finished cabins. Each space boasts excellent natural light, creating a very open airy ambiance. On the main deck forward is a full beam master suite, while the lower deck houses 2 VIP and 2 twin cabins.

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On deck, charter guests can soak up the Adriatic sunshine over 2 levels, where there is plenty of options to relax outdoors. The aft deck has alfresco dining, followed by a large swim platform offering a plethora of water toys. Head to the bow to sit back on the built in sunbeds, or sip cocktails at the casual teal tables. A sundeck features chaise loungers, alfresco dining and partial shade.

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Ferretti Custom Line 120 Erolia Yacht Hull number 7

Ferretti custom line 120 erolia price and sales info, ferretti custom line 120 erolia overview, ferretti custom line 120 erolia specifications.

Ferretti Custom Line 120 Erolia Description

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The Raised pilot house yacht Ferretti Custom Line 120 Erolia luxury interior sleeps up to 10-12 guests in 5 staterooms. She is also capable of carrying up to 8 crew onboard to ensure a relaxed luxury yacht experience. Timeless styling, beautiful furnishings and sumptuous seating feature throughout to create an elegant and comfortable atmosphere.

Ferretti Custom Line 120 Erolia impressive leisure and entertainment facilities make her the ideal yacht for socialising and entertaining with family and friends.

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Ferretti Custom Line 120 Erolia features a Planing GRP hull and GRP superstructure. She was built to RINA Class Certificate for Pleasure Yachts, C X HULL, • MACH, Y, Unrestricted Navigation classification society rules.

Ferretti Custom Line 120 Erolia is equipped with a Electro-hydraulic stabilising fins, underway and zero speed -standard/Gyroscopic stabilisers -option stabilisation system which reduces roll motion effect and results in a smoother more enjoyable cruising experience underway.

Performance

Powered by 2 x MTU 16V 2000 M94 2 x 2638 HP engines and driven by Shaft drive Raised pilot house yacht Ferretti Custom Line 120 Erolia is capable of a top speed of 25.00 knots, and comfortably cruises at 22.00 knots. With her 16000 litres fuel tanks she has a maximum range of 1100 nautical miles economic cruising speed. Her water tanks carry 3000 litres of fresh water.

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EROLIA Yacht Charter Brochure

38.35m  /  125'10   custom line   2022.

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"Erolia" Brochure

Download the full charter brochure for luxury Motor yacht "Erolia" to explore her beautiful interiors, guest accommodation and full range of amenities as well as outdoor living spaces. This comprehensive overview provides the best way to get a feel for the superyacht charter experience on offer and gives detailed and accurate specifications so that you can match them up to your own requirements.

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Questions for Investigators Trying to Unravel Mystery of Luxury Yacht’s Sinking

The investigators searching for answers about the shipwreck, leaving seven dead, face questions about extreme weather and possible human error or problems with the yacht itself.

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By Alan Yuhas

More than 180 feet long, with a mast towering about 240 feet and a keel that could be lowered for greater stability, the Bayesian luxury yacht did not, in the eyes of its maker, have the vulnerabilities of a ship that would easily sink.

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

But the $40 million sailing yacht sank within minutes and with fatal results: seven dead, including the British technology billionaire Michael Lynch, his teenage daughter, four of Mr. Lynch’s friends and a member of the crew. Fifteen people, including the captain, escaped on a lifeboat.

Mr. Lynch had invited family, friends and part of his legal team on a cruise in the Mediterranean to celebrate his acquittal in June of fraud charges tied to the sale of his company to the tech giant Hewlett-Packard.

The Italian authorities have opened a manslaughter investigation, searching for answers from the survivors, the manufacturer and the wreck itself. They face a range of questions and possible factors.

An ‘earthquake’ in the sky?

When the Bayesian sank around 4 a.m. on Aug. 19, the waters in its area, about half a mile off the Sicilian port of Porticello, were transformed by an extremely sudden and violent storm, according to fishermen, a captain in the area and meteorologists.

But what kind of storm is still a mystery, compounded by the fact that a sailing schooner anchored nearby did not have its own disaster. Also unclear is whether the crew was aware that the Italian authorities had issued general warnings about bad weather the night before.

Karsten Börner, the captain of the nearby passenger ship, said he’d had to steady his ship during “really violent” winds . During the storm, he said, the Bayesian seemed to disappear behind his ship.

Severe lightning and strong gusts were registered by the Italian Air Force’s Center for Aerospace Meteorology and Climatology, according to Attilio Di Diodato, its director. “It was very intense and brief in duration,” he said.

The yacht, he said, had most likely been hit by a fierce downburst — a blast of powerful wind surging down during a thunderstorm. His agency put out rough-sea warnings the previous evening, alerting sailors about possible storms.

Locals have said the winds “felt like an earthquake.” A fisherman in Porticello said that he had seen a flare go off in the early-morning hours. His brother ventured to the site once the weather had calmed about 20 minutes later, he said, finding only floating cushions.

The Italian authorities have so far declined to say whether investigators had seen any structural damage to the hull or other parts of the ship.

Open hatches or doors?

The boat executive, Mr. Costantino, has argued that the Bayesian was an extremely safe vessel that could list even to 75 degrees without capsizing. His company, the Italian Sea Group, in 2022 bought the yacht’s manufacturer, Perini Navi, which launched the ship in 2008.

Mr. Costantino 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, would be 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.

At a news conference on Saturday, almost a week after the sinking, investigators said the yacht had sunk at an angle , with its stern — where the heavy engine was — having gone down first. The wreck was found lying on its right side at the bottom of a bay, about 165 feet deep.

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

Water pouring into open hatches or doors could have contributed to the sinking, experts say, but that on its own may not account for the speed at which such a large boat vanished underwater.

Asked about the hatches at the news conference, the authorities declined to comment on whether they had been found open at the wreck.

The authorities have also not specified whether the boat had been anchored, whether it was under power at the time or whether its sails had been unfurled.

A retracted keel?

The Bayesian had a keel — the fin-like structure beneath a boat that can help stabilize it — that could be retracted or extended, according to its manufacturer. On some yachts, keels can be raised to let the large vessel dock in shallower water, and extended downward to help keep a boat level.

But like the hatches, the status of the keel alone may not explain why a large ship sank with such precipitous speed. Investigators have not disclosed what divers may have seen at the wreck, aside from saying divers had faced obstacles like furnishings and electrical wiring in tight quarters. Officials want to raise the wreck to better examine it, a process that may take weeks.

Human error?

Ambrogio Cartosio, the prosecutor in charge of the case, said at the news conference that it was “plausible” crimes had been committed, but that investigators had not zeroed in on any potential suspects.

“There could be responsibilities of the captain only,” he said. “There could be responsibilities of the whole crew. There could be responsibilities of the boat makers. Or there could be responsibilities of those who were in charge of surveilling the boat.”

It remains unclear what kind of emergency training or preparation took place before the disaster, or what kind of coordination there was during it. So far, none of the surviving crew members have made a public statement about what happened the night the ship sank.

Prosecutors said they want to ask more questions of the captain and crew, who have been in a Sicilian hotel with other survivors. They said that neither alcohol nor drug tests had been performed on crew members, and that they have been allowed to leave Italy.

Prosecutors also said they were also investigating why the captain, an experienced sailor, left the sinking boat while some passengers were still on board.

Besides possible manslaughter charges, the authorities are investigating the possibility of a negligently caused shipwreck.

The bodies of five passengers were found in one cabin, on the left side of the yacht, the authorities said. The five were most likely trying to flee to the higher side of the boat and were probably sleeping when the boat started to sink, they said.