Thomas Limberger

Thomas Peter Limberger (born 22 July 1967)[1] is a German industrial manager, restructuring expert, and investor. He is the founder of SilverArrow Capital, an investment company that generated a 24% return in 2014[2] and a 19% return in 2016.[3]

Thomas Limberger
Limberger at the Clinton Global Initiative annual meeting in 2014, New York
Born(1967-07-22)July 22, 1967
Bad Homburg vor der Höhe, Germany
Occupationindustrial manager, restructuring expert, and investor

In 2006, German newspaper Handelsblatt described Limberger and his management style as “Jack Welch of the Alps”.[4]

In 2008, Die Zeit referred to Limberger as a successful but somewhat different “Whirlwind”.[5]

Early life and education

Limberger holds a Bachelor of Science and Business Administration (B.S.B.A.) from French Grande Ecole Institut supérieur de gestion and Harvard Business School. In 1994, he received a Master of Business Administration in Finance & Strategic Management from State University of New York.[6]

Career

Fresenius Medical Care

In 1996, National Medical Care was acquired, forming Fresenius Medical Care based in Bad Homburg vor der Höhe, Germany. Limberger joined the company in 1996, holding various management roles until 2001.

General Electric

In January 2001, Limberger took a position at General Electric, responsible for the German Industrial business division. In 2002, he became CEO of General Electric Germany, Austria and Switzerland (Central Europe). In this role he was responsible for all General Electric’s activities in Central Europe with 11,000 employees. It was under his management, that the region’s revenues doubled to $6.5 billion and earnings tripled.[7][8]

He was also at the helm during the integration of Allbank, where he was Chairman until 2005, and the building of a Global GE Research Facility on the Technical University of Munich campus.

OC Oerlikon

In May 2004, Limberger was elected to the board of OC Oerlikon. One year later, after insolvency and a change in key shareholders, he became CEO and Vice President of the board. Limberger led a successful restructuring of the firm. He centralized management, restructured the 7 industrial business units, and implemented a stringent cost management regime. He led the company from a loss of 340 million Swiss Francs in 2004 to a record profit of 320 million Swiss Francs in 2006. Due to these efforts and the surge in the Oerlikon share price, the company won the Dow Jones EUROSTOXX 500 prize for the best stock in Europe.

Von Roll

From 2007 until 2011, Limberger was President and CEO of Von Roll, a manufacturer of insulation products and systems for the electrical machinery industry as well as for composite materials and parts for various industrial applications. Limberger successfully turned the company into a market leader in the industry with a sales growth of 33% and an EBIT growth of 103% (CAGR 2006-2008). The share price of the company increased fivefold during this period.

SilverArrow Capital

In 2011, Limberger founded SilverArrow Capital, an investment company focusing on industrial growth sectors, real estate and infrastructure projects. With a deal flow of over $16 billion, Limberger has established himself as one of the leading activist players in the industry.

It generated a 24% return in 2014[2] and a 19% return in 2016.[3]

In November 2015, it announced plans to raise its stake in Rofin-Sinar to 15% to force the company to appoint three new independent directors.[9] In March 2016, the company announced that it would be acquired, leading to a surge in the share price.[10]

In October 2016, it acquired 51% of PrivatAir, a Swiss airline.[11] PrivatAir became insolvent in December 2018.

Politics

His engagement and economic position brought him into contact with the political scene in Berlin. (President of Germany) Johannes Rau mentioned Limberger in as speech to the German Foundation as an example of a businessman, who recognizes the significance of location and so invests successfully.[12]

In other discussions with the political leadership – including (German Chancellor ret.) Gerhard Schroder, (German Chancellor) Angela Merkel, (German Foreign Minister ret.) (President of Germany) Frank-Walter Steinmeier – he is always stating his opinion on European economical development and the importance of high-tech development in the region.

References
  1. "Thomas Limberger". Munzinger-Archiv.
  2. "THOMAS P. LIMBERGER". SilverArrow Capital.
  3. "SilverArrow Capital Group's Pluto Fund Outperforms Major Indices With a Record Net Performance of +19% in 2016" (Press release). PR Newswire. January 9, 2017.
  4. Stock, Oliver (October 18, 2006). "Der Jack Welch aus den Alpen". Handelsblatt (in German).
  5. Hässig, Lukas (17 January 2008). "The Whirlwind". Die Zeit (in German).
  6. "Executive Profile: Thomas P. Limberger". Bloomberg L.P.
  7. "Gift für den Standort". Der Spiegel (in German). April 5, 2004.
  8. "GE bläst in Deutschland zum Angriff". Wirtschaftswoche (in German). June 24, 2004.
  9. Webb, Alex (November 10, 2015). "SilverArrow Said to Seek 15% Stake in Rofin to Win Board Seats". Bloomberg News.
  10. VANIAN, JONATHAN (March 17, 2016). "This Laser Manufacturer's Shares Just Skyrocketed". Fortune.
  11. "SilverArrow Acquires Majority Share of PrivatAir in Switzerland. In September 2018 SilverArrow sold the PrivatAir share to an investor group" (Press release). PR Newswire. October 27, 2016.
  12. "Speech of German Federal President Johannes Rau, Deutscher Stiftverband". 22 January 2004.


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