UPDATE 1-SVG says climate for asset sales improving
* Says market conditions "have clearly been improving"
* Sees better prospects for realisations (Adds further details)
LONDON, Nov 16 (Reuters) - British private equity investor SVG Capital (SVI.L) said prospects for selling parts of its investment portfolio had improved thanks to stronger financial markets.
"We believe that the prospects for realisation activity, particularly for the more mature and defensive investments, are improving," it said in a statement issued on Monday.
SVG, the biggest investor in European buyout firm Permira, said it had raised 12.2 million pounds ($20.41 million) from the partial sale of its holding in German telephone company Freenet during the three months to Oct. 30.
That was 3.9 million pounds more than the shares had been valued at in June.
SVG had 171.4 million pounds in cash and net debt of 237.2 million punds at Oct. 30, the company said.
SVG's shares closed at 130.8 pence on Friday, valuing the company at about 406 million pounds. The stock has risen by about a third since the start of the year. ($1=.5976 pounds) (Reporting by Myles Neligan; Editing by Greg Mahlich)
