Investment group buys DVC Group

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Lake Capital on Nov. 6 will announce it is acquiring DVC Group, Morristown, N.J., in partnership with Frontenac Co., Chicago, and a group of private investors. The holding company said it plans to invest more than $100 million to buy the marketing services agency as well as other agencies, creating an international network to be called DVC Worldwide. DVC currently has shops specializing in marketing communications, healthcare and technology consulting.

Copyright November 2000, Crain Communications Inc.

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