1. What is the value of Calaveras Vineyards? Is the proposed purchase price for Calaveras Vineyards appropriate?
The current management of Calaveras Vineyards is looking to acquire the company from its current owner Stouts PLC. To do so, the proponents are seeking a $4.5 million loan and a revolving credit. Goldengate Capital was asked by NationalBank Investments to participate in the syndicated loan, providing $2 million in debt and a revolving credit amounting to $2.5 million.
Stout PLC’s books indicates a value of $ 7 million for Calaveras Vineyard and a fair market appraisal has put the company’s asset value somewhere between 5 ...
