Investment firm Zilla Capital has acquired Naeem Holdings subsidiary Naeem Capital Investment, according to an EGX disclosure (pdf). Naeem Capital has an asset management license, but did not have any assets under management at the time of the acquisition, according to the filing. The value of the transaction was not disclosed.

Zilla has also reportedly acquired an unnamed financial leasing company and is looking to take 25% stakes a logistics outfit and a pharma company, according to a report in yesterday’s print edition of Hapi Journal, which cited unnamed sources. A top Zilla official declined to comment when we reached out yesterday.

Also in the pipeline for Zilla: The firm has plans to establish a microfinance arm and an SME financing firm, and to set up a private equity fund to invest in African equities within the next three months. It will also be adding to its roster four new portfolios in the next few days, with an eye to reach EGP 1.5 bn in assets under management by the end of next year.