Quickly and discreetly, the private equity (PE) industry has established itself in Ireland. 2021 is likely to set a new record for the quantity and value of PE deals. William Fry, a firm of solicitors, reported that in 2021 the value of PE deals was up 477 per cent year on year (by far the biggest being CapVest’s sale of Valeo to another PE firm).  PE first appeared after the financial crisis. PE firms initially bought up distressed assets from the likes of AIB and the IBRC. Then, the industry stayed around for the recovery. There was an average of…