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 a leading provider of proven, next generation intelligent data capture technology for the financial services industry which gives institutions deeper, more effective insight into their counterparty risk profile.

The Company’s unique technology helps banks, financial institutions and other regulated businesses analyse and extract insight and data from within their client contracts, enabling and enhancing their risk management and contract governance, transformation and remediation activities. LIKEZERO enables the automated capture of complex data and then uses proprietary next generation data mining and matching techniques to provide a scalable process for any document type, which operates more quickly and with reduced need for human review.

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.