• Ralph Heuwing

    Partner DACH Team PAI Performance Group

    Ralph Heuwing

    PAI Performance Group
    Partner

    Ralph joined PAI in 2020 and heads PAI’s DACH Team and the PAI Performance Group. He has been involved in the Apleona, Infra Group and NovaTaste investments.

    He previously worked at Knorr-Bremse, a world leading supplier to the commercial and rail vehicle industry, where he was CFO and member of the Executive Board. He led and executed the company’s initial public offering in 2018. During the previous ten years, he was CFO and member of the Executive Board of MDAX listed Dürr, a leading global mechanical and plant engineering firm.

    Prior to that Ralph was Managing Director, Partner and a member of the Management Committee at the Boston Consulting Group where he spent 17 years in various roles in Germany and helped build the firm’s operations in India.

    Ralph holds a ME degree in Mechanical Engineering from RWTH Aachen and an MBA from INSEAD.

  • Lucas Kreifels

    Investment Officer DACH Team Investment Group

    Lucas Kreifels

    Investment Group
    Investment Officer

    Lucas joined PAI in 2021 as a member of the Investment Group. He is also part of the DACH Team. He has been involved in the Theramex investment.

    Lucas previously worked at BCG in Berlin, first as a generalist consultant with a focus on enterprise strategy and financial analysis across different industries, and then as a member of the BCG Private Equity team.

    He holds a MSc in Mathematics from Imperial College London and two BSc in Mathematics and in Physics from the University of Bayreuth.

  • Andreas Kumeth

    Partner DACH Team Healthcare

    Andreas Kumeth

    Healthcare
    Partner

    Andreas joined PAI in 2014. He is a member of the DACH and Healthcare Teams, and has been involved in several investments including Atos Medical, B&B Hotels, DomusVi, Theramex, VAMED care, Veonet, Xella and Zahneins.

    He started his career in private equity at Apax Partners in Munich and London, and also worked at Waterland Private Equity in Düsseldorf.

    Andreas graduated with a double degree from the Technical University of Munich (Mathematics) and the Ludwig-Maximilians-University of Munich (Economics).

  • Max Stoiber

    Principal DACH Team

    Max Stoiber

    Principal

    Max joined PAI in 2023 and is a member of the DACH Team. He has been involved in the Apleona investment.

    He joined from L-GAM in London, where he worked for five years on transactions across Europe in various sectors. Prior to L-GAM, Max worked for three years at McKinsey in Munich.

    Max holds a Bachelor’s degree in International Relations from Georgetown University and an MBA with distinction from the Wharton School.

  • Emil Zawadzki

    Investment Director DACH Team Investment Group

    Emil Zawadzki

    Investment Group
    Investment Director

    Emil joined PAI in 2022 as a member of the Investment Group. He has been involved in the NovaTaste investment.

    He joined from Deutsche Beteiligungs AG, a mid-market private equity fund focusing on the DACH region and Italy, where he has spent over 5 years working on several investments, exits and refinancing processes.

    He holds a MSc in Mathematical Finance and a BSc in Mathematics from the Technical University of Munich (TUM).

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