By  on August 28, 2009

MILAN — The largest investor in private equity group Permira Advisers LLP has written down its stake in Valentino Fashion Group for the second time in six months.

London-based SVG Capital Plc said Friday the value of its investment in VFG in the six months to June 30 had declined 35 percent to 51.1 million pounds, or $76.3 million. SVG wrote down its investment in the fashion group for the 12 months to Dec. 31 by 54 percent to 78.6 million pounds, or $145.8 million.

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