Mittel S.p.A. · Milan Italy ·(Italian: MIT)
Company Description
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This link will open in a new window Mittel is in the middle of everything. The holding company owns stakes in banks, financial investment services, and real estate firms, among others. Subsidiary Mittel Generale Investimenti provides merchant banking and other financial services to midsized firms and clients at the upper end of the wealth spectrum. The subsidiary is active in LBOs and family-led buyouts of industrial firms. Mittel also has holdings in transportation, pharmaceuticals, and plastic production. Founded in 1885, the holding company is one of the oldest organizations listed on the Milan Stock Exchange. To read the full description, subscribe now.
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Key Mittel S.p.A. Financials
| Company Type | Public - Italian: MIT Headquarters |
| Fiscal Year-End | September |
| 2008 Sales (mil.) | $31,999.0 |
| Employees | 15 |
Mittel S.p.A. Executives
4 executives listed for Mittel S.p.A.'s Milan, location.
| Title | Name & Bio | Contact |
| Chairman, Board of Administration | Giovanni Bazoli | Network |
| Chairman, Supervisory Board | Flavio Pizzini | Network |
| Vice Chairman, Board of Administration | Romain Zaleski | Network |
Competition
Competitive Landscape for Mittel S.p.A.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Mittel S.p.A. Competitors
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