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

Royal Caribbean Cruises / Equity Bottom-Up

<ul><li>Royal Caribbean Group is pushing its vacation strategy beyond the cruise ship after agreeing to acquire a 50% stake in Sandals Resorts International for $3 billion, a transaction expected to close in early 2027.</li><li>The proposed investment would give Royal Caribbean exposure to Sandals’ portfolio of 20 all-inclusive Caribbean resorts and extend a strategy already visible through Perfect Day destinations, Royal Beach Clubs, and other land-based experiences.</li><li>The timing is notable because Royal Caribbean is entering the transaction from a position of commercial strength: second-quarter 2026 revenue increased 6% year over year, adjusted EPS reached $4.21, and management expects full-year revenue growth of approximately 9%.</li></ul>

Royal Caribbean Group is pushing its vacation strategy beyond the cruise ship after agreeing to acquire a 50% stake in Sandals Resorts International for $3 billion, a transaction expected to close in early 2027.The proposed investment would give Royal Caribbean exposure to Sandals’ portfolio of 20 all-inclusive Caribbean resorts and extend a strategy already visible through Perfect Day destinations, Royal Beach Clubs, and other land-based experiences.The timing is notable because Royal Caribbean is entering the transaction from a position of commercial strength: second-quarter 2026 revenue increased 6% year over year, adjusted EPS reached $4.21, and management expects full-year revenue growth of approximately 9%.

Royal Caribbean’s $3 Billion Sandals Acquisition Could Reshape Vacations!