Maybe I should have been more clear as to what I meant. By definition
a Venture Capitalist individual/firm :

Depending on the investment focus and strategy of the venture firm,
it will seek to exit the investment in the portfolio company within
three to five years of the initial investment. While the initial
public offering may be the most glamourous and heralded type of exit
for the venture capitalist and owners of the company, most successful
exits of venture investments occur through a merger or acquisition of
the company by either the original founders or another company.
Again, the expertise of the venture firm in successfully exiting its
investment will dictate the success of the exit for themselves and
the owner of the company.

So I'm not saying that they don't have a larger invested interest
then it's original owner, however Summit defines their involvement as
advisors and risk management, they claim they do not interfere with
day to day business. They act strictly on behalf of growth. So what
do you mean by Summit owning EGW? Did you mean that they hold the
controlling interest on paper? If so then I agree with you. I was
using "merger" loosley because Summit defined themselves as being
advisors and financial risk managers. They don't ever refer to
themselves as "owners".





--- In eyegw@yahoogroups.com, "qualityfirst37" <dckorn61@h...> wrote:
>
> Again, let's get some facts striaght: Summmit BOUGHT LVI - it was
> not a "merger." Summmit owns betw, 70-80% of LVI. They ARE
> the "owners."
>
>