Souter Investments
is one of the UK’s leading family investment offices specialising in private equity



Vintage: November 2020

Sector: Financial Services

Location: London

Type: MBO, Spin out

Souter Role: Lead Investor

Souter Director: Yes


Likezero is trusted by the world's leading financial institutions to deliver unrivalled contract intelligence. The company's revolutionary software extracts contextualized contract data and zeros in on legal, operational and counterparty risks, identifying inconsistencies and opportunities that inform critical decision-making.

The Company’s unique technology helps banks, financial institutions and other regulated businesses analyse and extract insight and data from within their counterparty contracts. The software automates contract data operations, removes the need for human review and enhances data quality. Likezero’s software provides the contractual evidence necessary to be relied on as the deciding factor in times of legal crisis or market event management. They also optimise counterparty contracts, so banks and investment firms can accelerate onboarding, enhance profitability, and stay ahead of the competition.

Likezero was formed in 2020 when it was spun out of PwC in a management buy-out supported by Souter Investments and Manfield Partners.

Established in 2016, Likezero, grew rapidly within PwC under the leadership of Michael Lines, now the company’s Chief Executive, under the name of eBAM. It now counts some of the world’s largest financial institutions among its blue-chip client base and will continue to supply its technology to the PwC global network and its other partners. The company has also established strategic partnerships with market-leading global data processing players, Acadia and S&P Global Market Intelligence.