Three big private equity houses are in the running to buy Valeo: Bain Capital from Boston, Cinven from London and PAI Partners from Paris. Valeo, which is headquartered in Santry in north Dublin, was created by the private equity firm CapVest in 2010 as a vehicle to buy up ambient food businesses (that is, foods that can be stored at room temperature). It was put up for sale by CapVest in January of this year. CapVest was co-founded by Cavan man Seamus Fitzpatrick. It has €4 billion of assets under management. Valeo’s potential buyers are major players. Bain Capital was…

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