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

Weatherford International  / Equity Bottom-Up

<ul><li>Weatherford has moved to deepen its completions strategy through a definitive agreement to acquire NCS Multistage, a transaction announced on June 1, 2026, that would add a highly engineered portfolio focused on well construction, completions, and field development optimization.</li><li>Under the proposed terms, NCS Multistage shareholders may elect Weatherford stock or a stock-and-cash mix, with the blended consideration expected to equal 0.463 Weatherford shares per NCS Multistage share and up to 19.99% payable in cash.</li><li>Management expects at least $15 million in annual run-rate cost synergies within 18 months of closing and immediate accretion to adjusted free cash flow per share.</li></ul>

Weatherford has moved to deepen its completions strategy through a definitive agreement to acquire NCS Multistage, a transaction announced on June 1, 2026, that would add a highly engineered portfolio focused on well construction, completions, and field development optimization.Under the proposed terms, NCS Multistage shareholders may elect Weatherford stock or a stock-and-cash mix, with the blended consideration expected to equal 0.463 Weatherford shares per NCS Multistage share and up to 19.99% payable in cash.Management expects at least $15 million in annual run-rate cost synergies within 18 months of closing and immediate accretion to adjusted free cash flow per share.

Weatherford Buyout Bet: Can NCS Multistage Unlock New Growth?