Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>Despite ongoing macro-uncertainties, Global Payments had a strong first quarter that surpassed Wall Street expectations.</li><li>After successfully completing these transactions, Global Payments concentrated on controlling the future business composition with Issuer Solutions, including B2B and Merchant Solutions.</li><li>In B2B, Global Payments also drive strong growth with corporations and financial institutions.</li></ul>

Despite ongoing macro-uncertainties, Global Payments had a strong first quarter that surpassed Wall Street expectations.After successfully completing these transactions, Global Payments concentrated on controlling the future business composition with Issuer Solutions, including B2B and Merchant Solutions.In B2B, Global Payments also drive strong growth with corporations and financial institutions.

Global Payments Inc.: Divestitures of Gaming Solutions and Netspend & Other Drivers

Credit

<ul><li>Global Payments is a financial technology player providing payment solutions and services in the U.S.</li><li>The company has decent fundamentals and performed well in 2022 despite the increased global macroeconomic uncertainties.</li><li>With EVO, they strengthened their position as a major provider of payments technology with broad reach around the globe.</li></ul>

Global Payments is a financial technology player providing payment solutions and services in the U.S.The company has decent fundamentals and performed well in 2022 despite the increased global macroeconomic uncertainties.With EVO, they strengthened their position as a major provider of payments technology with broad reach around the globe.

Global Payments Inc.: Initiation of Coverage – Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Bottom-Up

<ul><li>This is our first report on Global Payments Inc., a financial technology company providing payment solutions and services in the U.S.</li><li>The company managed an all-around beat in its last result with a strong performance in Global Payments despite the increased global macroeconomic uncertainties.</li><li>The most significant development was that their core Issuer business once more produced sequential financial and operational improvement, in line with their expectations and the strongest results since their merger with TSYS in 2019.</li></ul>

This is our first report on Global Payments Inc., a financial technology company providing payment solutions and services in the U.S.The company managed an all-around beat in its last result with a strong performance in Global Payments despite the increased global macroeconomic uncertainties.The most significant development was that their core Issuer business once more produced sequential financial and operational improvement, in line with their expectations and the strongest results since their merger with TSYS in 2019.

Global Payments Inc.: Initiation of Coverage – Recent Restructuring & Other Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 28 October, church donor management play <strong><a href="https://www.smartkarma.com/entities/pushpay-holdings-ltd" target="_blank" data-smartkarma-citation="entities:13737:1" rel="noopener">Pushpay Holdings (PPH NZ/PPH AU)</a></strong> announced a Scheme with BGH/Sixth Street at NZ$1.34/share,  a 30.1% premium to undisturbed.</li>
<li>The Scheme Booklet is now out. The shareholder meeting will take place on the 3 March. The independent advisor concluded the Offer price is within its valuation range. </li>
<li>Assuming 11 April payment, this is trading at a gross/annualised spread of 3.0%/18.0%.</li>
</ul>


Back on the 28 October, church donor management play Pushpay Holdings (PPH NZ/PPH AU) announced a Scheme with BGH/Sixth Street at NZ$1.34/share,  a 30.1% premium to undisturbed.
The Scheme Booklet is now out. The shareholder meeting will take place on the 3 March. The independent advisor concluded the Offer price is within its valuation range. 
Assuming 11 April payment, this is trading at a gross/annualised spread of 3.0%/18.0%.


Pushpay Holdings: 3rd March Scheme Meeting. IA Says Fair

United States

Global Payments Inc. provides electronic transaction processing, information systems, and services.  The Company serves the financial, corporate, government, and merchant communities on a worldwide basis.  Global Payments provides funds transfer, merchant services, merchant accounting, Internet services, and other services.

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Global Payments (GPN US)

Global Payments Inc.: Divestitures of Gaming Solutions and Netspend & Other Drivers

Despite ongoing macro-uncertainties, Global Payments had a strong first quarter that surpassed Wall Street expectations. After successfully...

Baptista Research

Global Payments Inc.: Initiation of Coverage – Detailed Credit Analysis & Financial Strength Evaluation Report

Global Payments is a financial technology player providing payment solutions and services in the U.S. The company has decent fundamentals and...

Baptista Research

Global Payments Inc.: Initiation of Coverage – Recent Restructuring & Other Drivers

This is our first report on Global Payments Inc., a financial technology company providing payment solutions and services in the U.S. The company...

Baptista Research

Global Payments Inc.: Initiation of Coverage – Recent Restructuring & Other Drivers

This is our first report on Global Payments Inc., a financial technology company providing payment solutions and services in the U.S. The company...

Baptista Research

Pushpay Holdings: 3rd March Scheme Meeting. IA Says Fair

The shareholder meeting will take place on the 3 March. The independent advisor concluded the Offer price is within its valuation range. Trading at...

David Blennerhassett

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