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>Cadence Design Systems has turned heads with a definitive agreement to acquire Hexagon AB’s Design & Engineering unit—including the storied MSC Software—for €2.7 billion, paid 70% in cash and 30% in CDNS stock, with closing targeted for Q1’26.</li><li>The incoming business generated ~$280 million of 2024 revenue, brings ~1,100 employees, and serves blue-chip aerospace and auto names such as Volkswagen Group, BMW, Toyota, Lockheed Martin, BAE, and Boeing.</li><li>Strategically, the deal extends Cadence’s “Intelligent System Design” vision beyond chips and boards into the full palette of multiphysics—structures, motion, fluids, and electromagnetics—precisely where AI-era systems are converging.</li></ul>

Cadence Design Systems has turned heads with a definitive agreement to acquire Hexagon AB’s Design & Engineering unit—including the storied MSC Software—for €2.7 billion, paid 70% in cash and 30% in CDNS stock, with closing targeted for Q1’26.The incoming business generated ~$280 million of 2024 revenue, brings ~1,100 employees, and serves blue-chip aerospace and auto names such as Volkswagen Group, BMW, Toyota, Lockheed Martin, BAE, and Boeing.Strategically, the deal extends Cadence’s “Intelligent System Design” vision beyond chips and boards into the full palette of multiphysics—structures, motion, fluids, and electromagnetics—precisely where AI-era systems are converging.

Cadence の大成功: 27 億ユーロの Hexagon 買収がシステム設計の将来に何を意味するのか!