Robert Weil
Strategic Concepts & Mechanics
Primary Evidence
"Behind Proventus was Robert Weil. His excellent business acumen had led him to start an investment company already in his twenties. Initially, he primarily made investments in the stock market, acquiring, among other things, Tretorn Intressenter, Upsala-Ekeby with porcelain and real estate, and even attempted an attack on Anders Wall's Argentus. Proventus restructured, sold off, and went public like so many others, but also developed smart deals with the help of loans and interest instruments."
"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."
"It was impossible to understand what Robert Weil actually wanted, and we two had therefore never been able to untie the knots together. But eventually, I felt that I could talk fairly well with him despite remarkably vile external circumstances. He had managed to borrow 600 million SEK to try to make a so-called corner in Herakles, but against a guy who couldn't afford to buy him out, namely me. Somehow, it was as if I was "the deal.""