Warburg Invests US$600 Million in African Oil and Gas (Sub-Saharan Africa)

Source: Delonex Energy

Global private equity firm Warburg Pincus has agreed to lead an investment of up to US$600 million in Delonex Energy, an energy exploration and production company focused on Central and East Africa. Warburg Pincus, which recently closed its eleventh fund on US$11.2 billion, will become the largest shareholder in the company. Delonex Energy intends to access opportunities in the East African Rift System, the Central African Rift System and coastal margins of East Africa, through farm-in and direct awards from host governments.