South African investment holding Brait SE announced in a statement published on September 14 that it plans to be get listed on the London Stock Exchange.

The Malta-based firm also said it intends to move its registered office to the UK, where it owns many flourishing companies including the Ready-to-Wear store chain New Look and health clubs chain, Virgin Active. “Moving to a major international developed market would enhance the profile of Brait and improve its access to a wider range of international investors and deeper pools of capital to support any future capital raise,” the firm said in the statement.

The investment firm, owned in majority by South African billionaire Christo Wiese, also indicated that it plans to issue bonds convertible in shares to mobilize the funds it needs to expand. Brait whose assets are currently valued at R60 billion ($4.19 billion) abandoned four years ago the private equity business model, to get listed in Johannesburg and Luxembourg.