NEW YORK (Bloomberg) ? L. Dennis Kozlowski, the imprisoned former Tyco International Ltd. chief executive officer, has found a buyer for his historic 130-foot sailing yacht, the S.Y. Endeavour.

Sempervirens Ltd. agreed to pay $13.1 million for the British-built yacht, according to court papers filed in New York. The original asking price was more than $17 million. The sale will help Kozlowski, 59, pay $167 million in court-ordered restitution and fines as he serves a sentence of eight-and-one-third to 25 years for looting Tyco. The former CEO has been trying for more than a year to sell the vessel, a 1934 America?s Cup entry and celebrity craft in the yachting world.

?Someone would buy the boat for the same reason they would buy John F. Kennedy or Jackie O memorabilia,? said Marcia J. Whitney of J Class Management Inc., whose president restored the Endeavour and has been chartering it to customers for private trips. ?It?s all about history.? State Supreme Court Justice Martin Shulman, presiding over Kozlowski?s assets, gave the former executive permission to proceed with the sale in court order filed August 14 that included terms of the transaction. The papers didn?t describe the purchaser except to say it is linked to M&C Corporate Services Ltd. in Grand Cayman. Kozlowski attorney Stephen Kaufman of New York declined to comment, as did Erin Ackor of Miami, a lawyer for Sempervirens.

In addition to the yacht, Kozlowski?s lavish former lifestyle included a Fifth Avenue apartment with a famous $6,000 shower curtain, property on Nantucket Island, Massachusetts, and a $2.1-million Roman-themed, 40th birthday party for his wife, Karen, on the Mediterranean island Sardinia. Karen Kozlowski, 45, filed for divorce this summer.