alusijoituksena

Alusijoituksena refers to a type of investment where a company acquires a significant stake, but not a controlling interest, in another company. This is typically done with the intention of establishing a strategic partnership, gaining access to new markets or technologies, or influencing the investee company's strategic direction. Unlike a full acquisition, the investor does not aim to take over the target company's operations.

The term originates from Finnish and translates roughly to "as a subsidiary investment" or "as a secondary investment." It implies a subordinate position to the primary business activities of the investing entity. The stake acquired is usually substantial enough to warrant a board seat or other forms of influence, but not so large as to trigger consolidation of financial statements or full operational control.

Companies engage in alusijoituksena for various strategic reasons. It can be a way to test a potential acquisition target before a full commitment, or to secure a supplier or customer relationship. It can also be a defensive strategy to prevent a competitor from gaining control of a key player in an industry. The investment is often viewed as a long-term play, with the potential for future capital appreciation or further integration. The financial reporting for such investments varies depending on the size of the stake and the level of influence exerted by the investor, often falling under equity method accounting.