Terms & Conditions of Use


The terms and conditions of use set forth below apply to this website (the “Site”) and tell you the terms and conditions on which you may use the Site. Please read these terms and conditions carefully before using the Site. By using this Site, you acknowledge that you have read, understood and agreed to the terms and conditions of use without limitation or qualification. If you do not agree to these terms and conditions of use, you may not access or use the Site.

Arma Partners LLP (“UK Arma”) and US Arma Partners LP (“US Arma”, and together with UK Arma and their respective affiliates collectively referred to herein and on the Site in general as “Arma Partners”, “us”, “we” or “our”) provide the Site for information purposes only. Arma Partners reserves the right, at our discretion, to change, modify, add or remove portions of these terms at any time. Therefore, we suggest that you review these terms periodically to take notice of any changes we made, as they are binding on you. By using our Site after we have posted changes to these terms and conditions of use, you are agreeing to be bound by these terms.


No Advice or Offer

The content on the Site is provided for general information only. Nothing contained in this Site constitutes investment, legal or tax advice nor is it to be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice and check the accuracy of all relevant information before making any investment decision. Decisions based on information contained on the Site are the sole responsibility of the user.

Nothing contained in this Site constitutes an offer under any applicable law or legislation or an offer to sell or a solicitation or offer to buy any securities or financial instruments or provide any investment advice or services. Nor shall the Site, nor any part of it, form the basis of, or be relied on in connection with, any contract or commitment whatsoever.

No Reliance on Information

The content on this Site is provided on an “AS IS” and “AS AVAILABLE” basis without any conditions, warranties or terms of any kind. Arma Partners does not make any representations, warranties or guarantees regarding the content provided herein or your use of this Site generally, either expressly or impliedly, for any particular purpose and to the extent permitted by law, excludes all conditions, warranties, representations or other terms which may apply to our Site or any content on the Site including, but not limited to, warranties or conditions of title, non-infringement, merchantability or fitness for a particular purpose, satisfactory quality or the use of reasonable care and skill.

Although the information provided to you on this Site is obtained or compiled from sources we believe to be reliable, Arma Partners cannot and does not guarantee or warrant the accuracy, validity, timeliness or completeness of any information or data made available to you in general or for any particular purpose. The information or data on this Site may be out of date, and we make no commitment to update such information or data. Any transactions listed on this Site are included as representative transactions and are not necessarily reflective of overall performance.
The transactions listed on this website incorporate those carried out by Arma Partners LLP, US Arma Partners LP and Pillar Capital Advisors, LLC, including Pillar Capital’s SHUNRA and TeamViewer transactions.

Limitation of our Liability

Neither Arma Partners, nor any of its affiliates, members, partners, directors, officers, consultants, employees or agents, nor any third party vendor, will be liable or have any responsibility of any kind for any loss or damage that you or any third party incur in the event of any failure or interruption of this Site, or resulting from the act or omission of any party involved in making this Site, the use of or reliance on information or data contained herein, or from any other cause relating to your access to, inability to access, or use of the Site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Arma Partners or of any vendor providing software or services. In no event will Arma Partners or any such parties be liable to you or any third party, whether in tort (including, without limitation, negligence), contract, breach of statutory duty or otherwise, for any loss or damages, including, without limitation, direct, special, indirect, punitive, consequential or incidental loss or damages or any loss of income, profits, sales, business or revenue, loss of anticipated savings, loss of business opportunity, goodwill or reputation or loss or damages arising from or connected in any way to business interruption, even if foreseeable or if Arma Partners or any other such party has been advised of the possibility thereof. This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a user’s equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems (e.g., you cannot access your internet service provider), unauthorised access, theft, operator errors, strikes or other labour problems or any force majeure. Arma Partners will also not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this Site.

Arma Partners cannot and does not guarantee continuous, uninterrupted or secure access to the Site.

Nothing herein shall limit or exclude any liability of Arma Partners for death or personal injury arising from our negligence, from our fraud or fraudulent misrepresentation, or any other liability which cannot be excluded or limited by English law.


We do not guarantee that the Site will be secure or free from bugs or viruses. You are responsible for configuring your information technology, computer programmes and platform in order to access our Site. You should use your own virus protection software. You must not misuse the Site by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to our Site, the server on which our Site is stored or any server, computer or database connected to our Site. You must not attack our Site via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our Site will cease immediately.

Restrictions on Use of Website

All right, title and interest in this Site and any content contained herein is the exclusive property of Arma Partners, except as otherwise stated. Unless otherwise specified, this Site is for your personal and non-commercial use only and you may print, copy and download any information or portion of this Site for your personal use only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, frame, create derivative works from, transfer, or otherwise use in any other way for commercial or public purposes in whole or in part any information, software, products or services obtained from this Site, without Arma Partners’ prior written approval. If you copy or download any information or software from this Site, you agree that you will not remove or obscure any copyright or other notices or legends contained in any such information. Arma Partners will not treat users of this Site as its clients by virtue of their accessing this Site.

Regulatory Matters

United Kingdom and European Users

In Europe, the Site and its content are made available by UK Arma (registered in the UK under number OC307424), whose registered office is at Level 27 The Shard, London SE1 9SG, United Kingdom. UK Arma is authorised and regulated in the UK by the Financial Conduct Authority (“FCA”) and is entered in the FCA’s Register under the following FCA registration number: 454270. The FCA regulates the financial services industry in the UK and is located at 25 The North Colonnade, Canary Wharf, London E14 5HS. UK Arma is subject to the FCA rules and guidance, details of which can be found on the FCA’s website at www.fca.org.uk.

The Site is provided for information purposes only and is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction (including the UK) where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Arma Partners to any registration or licensing requirements with such jurisdiction.

The information featured on this Site may relate to services of an entity/person incorporated and operating outside of the UK or to other matters which are not regulated by the FCA. In such case, the provision of such services will not have the benefit of UK regulatory protections, including those provided in respect of the FCA rules and the financial services compensation scheme. In particular, US Arma is based outside of the UK and the provision of services by it will not have the benefit of such UK regulatory protection.

United States Users

US Arma provides independent financial advice on mergers, acquisitions, financial restructurings and similar corporate finance matters. US Arma is not a retail broker-dealer. US Arma does not conduct underwriting activities, provide research or analyst reports or solicit or carry accounts for, or offer or sell securities products to retail customers. US Arma is regulated by the Financial Industry Regulatory Authority, Inc. (“FINRA”) (www.finra.org). US Arma is a member of the Securities Investor Protection Corporation (“SIPC”).

The information provided on this Site are not provided to and may not be used by any person or entity in any jurisdiction where the provision or the use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organisation or where US Arma is not authorised to provide such information or services.

Arma Partners reserves the right to limit access to the Site to any person, geographic region or jurisdiction.

Use of Links

This Site contains links to third party web sites. These links are provided only as a convenience. The inclusion of any link is not and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification or monitoring by Arma Partners of any information contained in any third party web website. In no event shall Arma Partners be responsible for the information contained on that website or your use of or inability to use such website. You should also be aware that the terms and conditions of such website and the website’s privacy policy may be different from those applicable to your use of this Site.

Governing Law and Consent to Jurisdiction

These terms and your use of the Site shall be governed by the laws of England and Wales without regard to its conflicts of laws principles. Any legal action or proceeding related to this Site shall be brought exclusively in the English courts.


If any provision of these terms shall be deemed unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these terms and shall not affect the validity and enforceability of any remaining provisions. Arma Partners reserves the right to alter or delete materials from this Site at any time at its discretion.