We learned yesterday the American private equity giant Bain Capital has won the race to buy Valeo. The deal was done for an enterprise value of €1.7 billion. That’s a multiple of about ten times Ebitda.  The Currency reported last week that the race was down to three private equity heavyweights: Bain, the UK’s Cinven and France’s PAI Partners. It’s a great day for CapVest, the private equity firm founded by Cavan man Seamus Fitzpatrick. CapVest held onto Valeo for 11 years. That’s a long time in private equity. Most private equity investments are sold on within five years.  CapVest and…

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