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

Macdonald Dettwiler & Assoc / Equity Bottom-Up

<ul><li>MDA Space has moved quickly from outlining inorganic growth ambitions to signing a definitive agreement to acquire Blue Canyon Technologies from RTX in an all-cash transaction valued at US$620 million.</li><li>The proposed deal, expected to close by the end of 2026 subject to regulatory approvals, comes shortly after MDA reported a strong Q1 2026, with revenue up 32% year-over-year and adjusted EBITDA margin of 19.5%.</li><li>The timing is notable because MDA has been expanding its U.S. profile through its NYSE listing, defense wins, MDA AURORA satellite production, MDA MIDNIGHT space-control platform, and MDA CHORUS geointelligence roadmap.</li></ul>

MDA Space has moved quickly from outlining inorganic growth ambitions to signing a definitive agreement to acquire Blue Canyon Technologies from RTX in an all-cash transaction valued at US$620 million.The proposed deal, expected to close by the end of 2026 subject to regulatory approvals, comes shortly after MDA reported a strong Q1 2026, with revenue up 32% year-over-year and adjusted EBITDA margin of 19.5%.The timing is notable because MDA has been expanding its U.S. profile through its NYSE listing, defense wins, MDA AURORA satellite production, MDA MIDNIGHT space-control platform, and MDA CHORUS geointelligence roadmap.

MDA Space's Latest Acquisition Bet: Why Blue Canyon Could Change Its Growth Story!