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M&A: Boston Ventures buys publisher
Boston Ventures, has announced that its Fund VI portfolio company, BVK Holdings, owner of the consumer enthusiast publisher New Track Media, has acquired CK Media, LLC, a publisher of quilting, sewing, and "scrapbooking" magazines.
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The CK Media business had been acquired from PRIMEDIA in 2006 by the private equity firm Sandler Capital. They engaged the investment banking firm DeSilva & Phillips earlier this year to explore strategic alternatives, which resulted in the sale to BVK.
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