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Substantive Research

Fintech·UK·Exited 2024·Held 4yr
Entry
2020
Hold
4yr
Exit
2024

Who owns Substantive Research?

Substantive Research is a British Fintech company, now owned by Euronext, which acquired it in 2024 from Foresight Group.

Hand-verified · updated 2026-06-30

Open JSON · CC-BY
Foresight Group
Investor
Foresight Group
Foresight Scottish Growth Fund · 2019 · Growth

Key facts

HQUK
SectorFintech
StatusAcquired
Key takeaways
  • ·Fully exited in 2024 to Euronext.
  • ·Best return: 2.4x MOIC by Foresight Group (2024 exit).
Exit Type
Trade Sale
Buyer
Euronext
MOIC
2.4x
Exit Year
2024

Questions

Who owns Substantive Research?

Substantive Research is now owned by Euronext, which acquired it in 2024 from Foresight Group.

When did Euronext acquire Substantive Research?

Euronext acquired Substantive Research in 2024, buying from Foresight Group.

Who did Substantive Research sell to?

Foresight Group sold Substantive Research to Euronext in 2024 (Trade Sale), 2.4x return.

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