Partners Group Holding AG is moving forward with plans for a potential initial public offering (IPO) of Ammega Group BV, a European conveyor belt manufacturer. The private equity firm has appointed Bank of America Corp. and UBS Group AG as the lead banks for this stock market listing, which is tentatively scheduled for late 2025. These plans are still in the early stages and may evolve, with the possibility of additional banks being involved.

Ammega, formed in 2018 from the merger of Megadyne Group and Ammeraal Beltech, operates over 20 manufacturing facilities that produce belts and hoses for various industries, including food production and logistics. It is one of Partners Group's largest portfolio holdings by net asset value.

The private equity sector is under increasing pressure to return capital to investors, which has led to a renewed interest in IPOs. Other companies, such as Stada Arzneimittel AG and Autodoc SE, are also preparing for public offerings after previous plans for private sales fell through.

However, potential tariffs on U.S. imports, particularly if Donald Trump were to return to the presidency, could pose challenges for European IPOs, especially for companies that rely heavily on exports.