AXA Private Equity takes an equity in Tetra Group Paris, Tuesday April 29, 2003

AXA Private Equity, a leading private equity house, has acquired, via its LBO Fund, 22% of Tetra Group from the Triton Fund, an independent European private equity fund.

Total transaction value amounted to US $ 238,5 million. The Royal Bank of Scotland completed the financing of the transaction using senior and Mezzanine debt facilities.

Tetra, the recognised world-wide leader in the ornamental fish food business as well as in the aquarium and pond supplies industry, is one of the so-called "hidden champions" of the world economy – a success story of a company which operates globally with operations in Germany, the US, Japan, UK, France, Spain and Italy.
Tetra reported revenues of $ 181 million in 2001.

Pfizer, the global leader in human and animal pharmaceuticals, sold the Tetra business as part of a restructuring to divest itself of businesses that were acquired as part of the Warner Lambert acquisition in 2000.

About The Triton Fund

Triton is a private equity investment firm investing in Europe. Triton’s strategy is to invest alongside and support the management teams in acquired companies in the development of market leading, international businesses. With offices in Frankfurt, Stockholm, London, Triton has € 650 million in equity capital available for investments, provided by prominent German, Nordic and international institutional investors.

For further information, please visit: www.tetra-fish.com