Herakles

"Thereafter, I arranged a meeting with Bo, and it was a straightforward conversation in his fine office on Arsenalsgatan in Stockholm. I said that I intended to buy the A-shares if Bo and I agreed on the future. My proposal was that a new company would take the name Skrinet and include his preferred interests. Bo would buy the voting-strong A-shares in the new Skrinet. Together, we would place the B-shares on the market so he could introduce the company to the stock exchange. The old Skrinet, "my Skrinet," would change its name and focus on larger companies. The name became Herakles for a period. It was crucial that Bo Sandell supported this solution."

"My analyses of the prospective companies gave me a wish list. We wanted an ownership position in the rubber company Trelleborg for its stable operations, and therefore good dividends, to live on, furthermore the undervalued Boliden and Ahlsell to turn them around, and the majority of the security company Securitas for future long-term development. It would also be good to have an option on the skilled textile company Almedahl-Dalsjöfors. We also wanted a debenture to manage the financing. We would release all shares in Herakles, which essentially then became a cash reserve, or as Robert Weil's partner and CEO of Proventus, Gabriel Urwitz, put it: a financial muscle. We would not argue with each other going forward."