Partners Said to Pick Banks for IPO of Conveyor-Belt Firm Ammega

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 leading arrangers for a listing that’s earmarked for late 2025, said the people, who asked not to be identified because the matter is private. The plans are preliminary and may still change, while additional banks could still be appointed, the people said.

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