About the firm

DB Consultants Group is a financial consulting firm based on Avenida Balboa, in Panama City’s financial district. We serve mid-sized companies and family-owned groups that need their numbers to stand up to scrutiny — from banks, buyers, investors and boards.

The firm is led by its two partners, Darío E. Berbey de la Rosa, M.B.A. (Managing Partner) and Helmut Quiroz Villalaz (Consulting Partner), who bring decades of combined experience in banking and corporate finance in Panama and lead every engagement personally.

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How we work

Evidence first, opinions second

Documented assumptions

Every valuation, feasibility study and restructuring proposal states its assumptions explicitly and cites its sources. A valuation is an opinion, not a fact — so it must be a defensible one.

Market parameters, updated

Discount rates, country-risk premiums and market multiples are reviewed quarterly against primary sources — the U.S. Treasury, rating agencies and academic series — and published in our Economic Observatory.

Strict confidentiality

Sale mandates, valuations and restructurings are handled under confidentiality agreements. We name no client and disclose no figure without written consent.

Experience

Companies across the Panamanian economy

More than 150 companies have worked with the firm since 2015, in sectors that span distribution and consumer goods, pharmaceuticals and health services, hospitality, food service, financial services, construction materials and international franchises operating in Panama.

The nature of each engagement is confidential; a selection of clients who have authorized publication appears on our clients page, and recent transactions are summarized here.

The office

RALI Business Center, Avenida Balboa

DB Consultants Group office entrance, Office 241
DB Consultants Group meeting room

2nd Floor, Office 241 · Monday to Friday, 8:00 a.m. – 5:00 p.m.

Reach

Our network

The firm is based in Panama, but not every mandate stays here. When a transaction crosses a border or calls for a specific discipline, we work with trusted professionals we have collaborated with for years.

Olger Calvo Morales, President of Grupo SFA

Olger Calvo Morales

President, Grupo SFA · Costa Rica

Our correspondent for transactions and valuations in the Costa Rican market. The group was formed in 2014 and specialises in the purchase and sale of companies and in structuring credit facilities with local and international banks.

Cinthya Casique, Managing Director of Sigma Consultores

Cinthya Casique

Managing Director, Sigma Consultores · Panama

A certified public accountant with an MBA. Audit, tax, and accounting, administrative and financial outsourcing, whenever a mandate calls for it.

Talk to us about your company

WhatsApp is the fastest channel. We respond the same business day. English spoken.

Avenida Balboa, RALI Business Center, Office 241
Panama City, Republic of Panama