Delonex Energy: Warburg Pincus invests in new player

Warburg Pincus is investing up to $600m in a new company led by the former chief executive of Cairn India, Rahul Dhir. Delonex Energy will focus on exploration and production opportunities in central and east Africa. Dhir headed Cairn India from its inception through to its $2bn IPO and ultimate sale to Vedanta Resources. Dhir has worked closely with Warburg Pincus to formulate Delonex’s business plan.