V&E Reps Warburg In $600M African Oil Explorer Buy-In

Law360, New York (June 17, 2013, 5:20 PM EDT) -- New York private equity mainstay Warburg Pincus LLC said Monday it is leading a $600 million investment in Delonex Energy Ltd., a newly formed oil and gas exploration outfit targeting finds in Central and East Africa, marking the firm's second dip in the region.

The buy-in will give Warburg Pincus the largest stake in the company, though the firm did not say how big an interest it would assume. It will build on the New York investor's energy investment platform in emerging markets, expanding its toehold...
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