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

<ul><li>SS&C Technologies is doubling down on its international expansion strategy with a pending acquisition that could reshape its footprint in South Africa and potentially across the broader African continent.</li><li>The Windsor, Connecticut-based fintech and fund administration giant recently announced its intent to acquire Curo Fund Services, a top-tier South African fund administrator overseeing more than R3 trillion (USD 170 billion) in assets.</li><li>The acquisition, which remains subject to regulatory clearance from South Africa’s Competition Commission, comes at a time when SS&C is posting record financials—Q2 2025 adjusted revenue hit $1.538 billion (+5.9% YoY), and adjusted EBITDA crossed the $600 million threshold for the first time.</li></ul>

SS&C Technologies is doubling down on its international expansion strategy with a pending acquisition that could reshape its footprint in South Africa and potentially across the broader African continent.The Windsor, Connecticut-based fintech and fund administration giant recently announced its intent to acquire Curo Fund Services, a top-tier South African fund administrator overseeing more than R3 trillion (USD 170 billion) in assets.The acquisition, which remains subject to regulatory clearance from South Africa’s Competition Commission, comes at a time when SS&C is posting record financials—Q2 2025 adjusted revenue hit $1.538 billion (+5.9% YoY), and adjusted EBITDA crossed the $600 million threshold for the first time.

SS&C’s African Power Play? Why The Curo Fund Acquisition Could Reshape Its Global Ambition!