EXECUTIVE SUMMARY         Goldengate Capital has been approached by NationsBank's Managing Director Tom Howell with an investment possibility. NationsBank would like Goldengate to participation in Calaveras' management proposal to purchase the property for $4.5 million. Goldengate has participated in two very profitable deals with NationsBank, the third largest financial institution in the United States.         Wine sales in supermarkets have grown 7.4% in 1992, while beer sales have grown only 2.2%, less than inflation. One of the explanations for the increase …showed first 75 words of 1326 total…

…showed last 75 words of 1326 total…streamline the fixed assets especially the non-vineyard land and the idle assets to improve the productivity of the operation. Covenants should be set forth to avoid obtaining further debt by putting a cap on Debt ratio of 55%. The equity level should be improved and we recommend that after paying off the Term Loan to carry out the revolving line of credit thus making efficient in WACC. Other recommendations, improve the commercial accounts -High margin. Increase