• Georg Bundy

    Investment Director Germany Team Investment Group

    Georg Bundy

    Investment Group
    Investment Director

    Georg joined PAI in 2020 as a member of the Investment Group and the Germany Team. He has been involved in the Apleona and Zahneins investments.

    Georg started his career more than 10 years ago, first at McKinsey & Company, followed by more than four years at HgCapital in their Munich and London offices, with a particular focus on software and tech-enabled business services investments.

    Georg holds an MBA with Distinction from Harvard Business School, a Bachelor in International Business from Northeastern University of Boston and a Diploma from ESB Reutlingen.

    He is fluent in German, English and Hungarian.

  • Ralph Heuwing

    Partner Germany Team

    Ralph Heuwing


    Ralph joined PAI in 2020 and heads PAI’s DACH Team. He has been involved in the Apleona investment.

    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.

    He is fluent in German and English.

  • Andreas Kumeth

    Partner Germany Team Healthcare

    Andreas Kumeth


    Andreas joined PAI in 2014. He is a member of the Germany and Healthcare teams, and has been involved in several investments including Atos Medical, B&B Hotels, DomusVi, 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). He is fluent in German and English, and conversational in French and Italian.

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