The most recent awards period was not especially active for
specialist intermediaries in Brazil, with the big banks taking
a very large share of the domestic M&A transactions. But
Estáter, founded in 2003 by a group led by Pércio
de Souza, has worked on its fair share of deals over the
qualifying period. These included a $450 million capitalization
for Tecsis, a maker of wind turbine blades, that brought in
investors such as Unipar, Bradesco's Bradespar investment
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