Market Tracker weekly bulletin – 14th September 2018

Market Tracker weekly bulletin – 14th September 2018

A of key developments in corporate transactions covered by Lexis®PSL Market tracker this week.



Produce Investments cites difficulties in the agricultural sector in document

Produce Investments announced that it had received a recommended cash offer by Promethean Investments on Tuesday 11th September. In the 2.7 , the company made reference to difficulties in the agricultural sector as a result of the unseasonal spring weather this year:

On 22 May 2018, Produce Investments released a statement indicating that, as a result of adverse weather, significant challenges had been encountered both to of Produce Investments' potato crops in Cornwall and Jersey and also to the harvesting of Produce Investments' daffodil crop.

The Lexis®PSL Market Tracker team has seen several specific references to the weather conditions in the UK this year. For example, National Grid plc noted in its annual report that ‘in late February adverse weather affected the UK, leading to high demand for energy on the system’ and Royal Mail stated in its annual report that ‘performance in the last month of the year was impacted by adverse weather conditions in the UK.’

Equity Capital Markets

Vannin Capital Holdings

Legal finance provider Vannin Capital Holdings announced its intention to float on the LSE’s Main Market in October.

The company estimates gross proceeds of the offer to be at around £70 million, which will be used to repay a shareholder loan and to support the company’s future expansion plans.

Vannin Capital is a global expert in the provision of funding to support individuals, corporate clients and law firms in the successful resolution of

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About the author:
Jenisa is Head of Market Tracker, a transaction analysis product that sits within Lexis®PSL Corporate. She has over 13 years of legal publishing experience, with a focus on researching and reporting on trends and developments in the corporate and commercial legal market. Previous roles include content developer for Lexis®PSL, Legal Podcaster at Informa, and Research Editor at Practical Law Company where she specialised in reporting on cross-border corporate and commercial developments from the firm’s New York office.