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

Baptista Research

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.

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 Bottom-Up

People Incorporated (IAC) / Equity Bottom-Up

<ul><li>IAC said on March 2, 2026 that it agreed to sell Care.com to private-equity firm Pacific Avenue Capital Partners for about $320 million, with closing expected in the first half of 2026.</li><li>The announced price point matters because IAC bought Care.com for $500 million in 2020, setting an unmistakable benchmark for what management is willing to accept to “sharpen” focus elsewhere.</li><li>On the most recent earnings call in this conversation, executives framed Care.com as a business that had been working through a soft patch—particularly in Enterprise—yet still produced strong profitability, reporting $19 million of adjusted EBITDA in the fourth quarter at a 22% margin while expecting consumer and total revenue to return to growth by midyear.</li></ul>

IAC said on March 2, 2026 that it agreed to sell Care.com to private-equity firm Pacific Avenue Capital Partners for about $320 million, with closing expected in the first half of 2026.The announced price point matters because IAC bought Care.com for $500 million in 2020, setting an unmistakable benchmark for what management is willing to accept to “sharpen” focus elsewhere.On the most recent earnings call in this conversation, executives framed Care.com as a business that had been working through a soft patch—particularly in Enterprise—yet still produced strong profitability, reporting $19 million of adjusted EBITDA in the fourth quarter at a 22% margin while expecting consumer and total revenue to return to growth by midyear.

IAC Dumps Care.com—Why Private Equity Is Pouncing Now!