Partners to choose banks for conveyor belt company Ammega’s IPO – BNN Bloomberg

(Bloomberg) — Partners Group Holding AG has selected banks for a potential initial public offering of Ammega Group BV as the private equity firm explores options for the European conveyor belt maker, according to people familiar with the matter.

Bank of America Corp. and UBS Group AG are the lead organizers of a stock market listing planned for late 2025, said the people, who spoke on condition of anonymity because the matter is private. The plans are preliminary and subject to change, while more banks could be appointed, the people said.

Representatives for UBS, Bank of America and Partners Group declined to comment.

As Bloomberg News reported last month, Partners Group has begun exploring exit strategies for Ammega. Although Ammega is based in the Netherlands, the buyout firm was considering Zurich as a potential listing venue, people familiar said at the time.

The company was formed in 2018 through the merger of drive belt manufacturer Megadyne Group and conveyor belt company Ammeraal Beltech. The group has more than 20 manufacturing facilities producing belts and hoses for a range of applications, from food production to logistics centers.

According to the buyout company’s public disclosures, Ammega is one of Partners Group’s largest portfolio holdings in terms of net asset value.

Pressure is growing on private equity groups to return capital to their backers, raising the prospect of a revival in initial share sales. The owners of Stada Arzneimittel AG are preparing for an initial public offering of the German drugmaker after talks of a private sale of the company cooled, as is auto parts retailer Autodoc SE, which is backed by Apollo Global Management Inc., Bloomberg News reported.

Still, the threat of tariffs on U.S. imports under a second Donald Trump presidency could have an impact on Europe’s IPO pipeline, particularly for those candidates more reliant on exports.