When Tyco’s CEO Sold His Yacht, No One Knew Who Bought It – Until Now

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun

When L. Dennis Kozlowski, the former chief executive officer of Tyco International Ltd., sold his yacht, the Endeavour, to pay restitution for looting the company, the new owner was somewhat of a mystery.

The historic boat, a 1934 America’s Cup entry, was purchased September 28 for $13.1 million by Diversicolor Ltd., a Cayman Islands corporation, according to papers filed in New York state Supreme Court. The sales contract also named Sempervirens Ltd., another company with a Cayman address.

The real owner is a man named Cassio Antunes, a resident of Hawaii, who has big plans for the boat, according to a statement released by his Miami lawyer and people working on the boat in Newport, R.I.

Mr. Antunes, 44, has admired the yacht since he was a young boy and plans a significant refit of the sloop as well as a change in its home port to George Town, Cayman Islands, from Newport. He wants to race it again.

The new Endeavour owner is “an investor,” said Alexander Busher, a yacht broker with Edmiston & Co. in Monaco who handled the sale, adding he knew little more about him. “He’s a man who’s quite difficult to trace. He plays his cards quite close,” Mr. Busher said.

“This sailing vessel had captured the new owner’s attention more than 30 years ago,” Mr. Antunes said in a statement, “when Mr. Antunes, then a young boy, used to go to Italy and visit his grandfather’s large yachting library.”

Neither Mr. Antunes’s attorneys at Moore & Co. in Miami, nor people at the Newport shipyard would say what Mr. Antunes does for a living.

Mr. Antunes is the son of Maria Bonomi, 71, a well-known Brazilian artist, according to her adviser, Alexandre Martins, who answered her phone in Sao Paulo.


The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use