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Single Family OfficePuts its own capital into companiesLAST VERIFIED Oct 2026 · 3 SOURCES

M&A Capital

Panamanian single family office continuing the legacy of Roberto Motta Cardoze; invests in operating businesses, real estate, public markets and private funds.

USEFUL FOR Fund managers raising capital · Co-investors

Family & background

FAMILY
Motta
WEALTH ORIGIN
Business holdings of Roberto Motta Cardoze (Roberto Motta, S.A., founded 1946) in banking, insurance, industry, real estate and logistics
HEADQUARTERS
Panama
FOUNDED
1946

Investment approach

GEOGRAPHY
Panama
ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Direct investmentsReal estatePublic equitiesFunds (as LP)

Overview

M&A Capital, Inc. is the family office built on the business assets of Roberto 'Bobby' Motta Cardoze, continuing Roberto Motta, S.A., the office he set up in 1946. It manages the family group's portfolio across public and private markets, real estate and operating businesses, develops and manages real estate, and sits on boards, especially of financial companies. Holdings named on its site over its history include Compañía Panameña de Seguros (now ASSA), Banco General, Manzanillo International Terminal, Multiplaza and Costa del Este.

Investment thesis

Grow and preserve the family legacy through investments that create value for future generations; direct investments in operating businesses, real estate and private funds with a local and international focus.

Holdings & investments (12)

  • Compañía Panameña de Seguros (now ASSA)
  • Manzanillo International Terminal (MIT)
    Mobility & Logistics
  • Supercentro El Dorado
    Real Estate & PropTech
  • Costa del Este
    Real Estate & PropTech
  • Banco General
  • Watsco
  • Acero Panamá, S.A.
    Industrial & Manufacturing
  • Aceti-Oxígeno, S.A.
    Industrial & Manufacturing
  • Harinas Panamá
    Food & Agriculture
  • Multiplaza
    Real Estate & PropTech
  • Cochez
    Consumer & E-commerce
  • Novey
    Consumer & E-commerce

People

  • Álvaro Arias
    VP Financial Investments · source
  • Nicolás Ardito Barletta
    Financial Investments Manager · source
  • Guillermo Henne
    Executive President · source
  • Fernando Morales
    CEO · source
  • Arlene Chea
    VP Finance and Business · source
  • Augusto Gerbaud
    VP Real Estate · source

Frequently asked questions

M&A Capital is a single family office based in Panama, founded in 1946.

M&A Capital invests on behalf of the Motta family (Business holdings of Roberto Motta Cardoze (Roberto Motta, S.A., founded 1946) in banking, insurance, industry, real estate and logistics).

M&A Capital invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes direct investments, real estate, public equities and funds (as lp).

M&A Capital invests in Real Estate & PropTech and Industrial & Manufacturing.

Key people at M&A Capital include Guillermo Henne (Executive President), Fernando Morales (CEO), Arlene Chea (VP Finance and Business) and Álvaro Arias (VP Financial Investments).

M&A Capital's holdings and investments include Compañía Panameña de Seguros (now ASSA), Manzanillo International Terminal (MIT), Supercentro El Dorado, Costa del Este, Banco General, Watsco, Acero Panamá, S.A. and Aceti-Oxígeno, S.A., among others.