Warburg Pincus Pumping up to $600M in Delonex Energy
June 19, 2013
Warburg Pincus has agreed to lead an investment of up to $600 million in Delonex Energy, a new E&P company focused on Central and East Africa. Delonex is led by CEO Rahul Dhir, former CEO of Cairn India, which he helped grow to a market value of almost $13 billion and an operated production of more than 200,000 BOE per day. Delonex will focus on discovering, developing and commercializing hydrocarbons across several key strategic areas in Africa.