A Bankers Trust New York Corp. unit recently raised its stake in River City Broadcasting LP, a St. Louis firm that owns radio and television stations.

The $19 million equity infusion was made through BT Investment Partners Inc., a unit of Bankers Trust that invests $80 million to $100 million a year in mature companies.

20% Stake in Company

The new funds brought BT's total investment in the firm to $30 million, or about 20%.

BT Investment Partners made an initial investment in River City of $6.5 million in September 1991. That stake had appreciated to about $11 million before the recent investment.

Boston Ventures, a Boston-based buyout firm, recently put $47.5 million into River City as well.

Debt Reduction Planned

River City will use part of the $66.5 million in new equity to temporarily reduce debt, allowing it to continue to acquire broadcasting companies, said Paul S. Lattanzio, a principal in BT Investment Partners.

River City owns four television stations and two radio stations.

BT Investment Partners was a minority investor in two other deals last week: BFP Holdings Corp.'s purchase of Treasure Chest Advertising Co. and Vestar Capital Partners Inc.'s buyout of La Petite Academy Inc.

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