Private equity major Warburg Pincus is leading an investment of up to $600 million (Rs.3,637 crore) in Delonex Energy Limited, a new Africa-focused oil and gas exploration company..Luthra & Luthra Law Offices acted as Indian Legal Counsel for Delonex Energy, which is led by Rahul Dhir, the former CEO of Cairn India Limited..The Luthra team was led by Managing Partner Rajiv Luthra along with Tax Partner SR Patnaik..Davis Polk acted as International Legal Counsel with a team led by Managing Partner Thomas J. Reid along with with Partners William H. Aaronson and Jeffrey O’Brien and Partner Will Pearce provided English law advice..AZB & Partners advised Warburg on the India leg of the transaction while Vinson & Elkins LLP acted as the International Legal Counsel. The AZB team was led by Delhi Partner Anil Kasturi..The Vinson & Elkins team was led by Partners Caroline Blitzer Phillips and Adam Larson..SJ Berwin too advised Warburg on this transaction..Delonex Energy, which has subsidiaries in the UK, India and Kenya, is focused on using technology and market access to discover, develop and commercialize hydrocarbons efficiently and effectively. Its areas of focus include the East African Continental Rift System; the Central African Rift System from Chad to South Sudan; and the coastal margins of East Africa, reports Mint.
Private equity major Warburg Pincus is leading an investment of up to $600 million (Rs.3,637 crore) in Delonex Energy Limited, a new Africa-focused oil and gas exploration company..Luthra & Luthra Law Offices acted as Indian Legal Counsel for Delonex Energy, which is led by Rahul Dhir, the former CEO of Cairn India Limited..The Luthra team was led by Managing Partner Rajiv Luthra along with Tax Partner SR Patnaik..Davis Polk acted as International Legal Counsel with a team led by Managing Partner Thomas J. Reid along with with Partners William H. Aaronson and Jeffrey O’Brien and Partner Will Pearce provided English law advice..AZB & Partners advised Warburg on the India leg of the transaction while Vinson & Elkins LLP acted as the International Legal Counsel. The AZB team was led by Delhi Partner Anil Kasturi..The Vinson & Elkins team was led by Partners Caroline Blitzer Phillips and Adam Larson..SJ Berwin too advised Warburg on this transaction..Delonex Energy, which has subsidiaries in the UK, India and Kenya, is focused on using technology and market access to discover, develop and commercialize hydrocarbons efficiently and effectively. Its areas of focus include the East African Continental Rift System; the Central African Rift System from Chad to South Sudan; and the coastal margins of East Africa, reports Mint.