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Makiko Harunari
 

Makiko Harunari

Partner
 
ICBC Tower – 35th Floor
3 Garden Road, Central
Hong Kong  
 
Email:
Phone: +852-2514-7604
Fax: +852-2869-7694

Based in Simpson Thacher’s Hong Kong office, Makiko Harunari is the Head of the Firm’s Asia Banking and Credit Practice. Makiko concentrates on complex cross-border financing transactions throughout the Asia-Pacific region, representing prominent financial sponsors, corporate borrowers and international financial institutions. Her practice includes a broad mix of acquisition finance, real estate finance, fund finance, mezzanine finance, back-leverage transactions and other innovative financing products. Makiko regularly advises institutional clients such as KKR, Blackstone and Ant Financial, and has extensive experience across the real estate, infrastructure, pharmaceuticals, and industrials and manufacturing industries.

Makiko has been recognized as a highly regarded lawyer by the 2020 edition of IFLR1000, a notable practitioner by Chambers Asia-Pacific, and was previously named a “Rising Star” in Banking by Super Lawyers. Simpson Thacher’s Banking and Credit Practice was also recently honored as part of China Business Law Journal’s 2020 China Business Law Awards.

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Work Highlights
  • KKR (and its portfolio companies) in multiple financings, notably: KKR’s acquisition of Taiwan’s LCY Chemical Corp.; Calsonic Kansei’s (a Japanese company) acquisition of Magneti Marelli (an Italian company); PHC Holdings Corporation’s (a Japanese company) acquisition of the Anatomical Pathology business of Thermo Fisher Scientific Inc.; and KKR’s acquisition of five Indian solar energy assets from SP Infra
  • Blackstone Real Estate Partners in multiple financings in Asia, notably the financing for its acquisition of VivoCity Mall in Shanghai from Mapletree and its acquisition, as part of a consortium with Gaw Capital Partners and Goldman Sachs, of 12 shopping centers in Hong Kong from Link REIT
  • SoftBank in one of the largest-ever margin loan financings in Asia 
  • ChemChina in its US$5.5 billion refinancing 
  • Korean banks in term loan facilities totaling US$1 billion in connection with the acquisition of Momentive Performance Materials by a consortium
Accolades
  • IFLR1000 (2020)
  • “Rising Star” in Banking by Super Lawyers (2016-2018)
Education
  • Georgetown University Law Center, 2007 J.D.
    cum laude
  • Yale University, 2001 B.A.
Associations
  • CFA (Chartered Financial Analyst) Charterholder
Admissions
  • New York 2008
  • Hong Kong 2019
Languages Spoken
  • Japanese

Based in Simpson Thacher’s Hong Kong office, Makiko Harunari is the Head of the Firm’s Asia Banking and Credit Practice. Makiko advises a varied roster of prominent financial sponsors, corporate borrowers and international financial institutions in complex cross-border financing transactions throughout the Asia-Pacific region. Her practice includes a broad mix of acquisition finance, real estate finance, fund finance, mezzanine finance, back-leverage transactions and other innovative financing products. Makiko regularly advises institutional clients such as KKR, Blackstone and Ant Financial, and has extensive experience across the real estate, infrastructure, pharmaceuticals, and industrials and manufacturing industries.

Makiko has been recognized as a highly regarded lawyer by the 2020 edition of IFLR1000, a notable practitioner by Chambers Asia-Pacific and a “Rising Star” in Banking by Super Lawyers. Simpson Thacher’s Banking and Credit Practice was also recently honored as part of China Business Law Journal’s 2020 China Business Law Awards. Previously based in the Firm’s New York office for nearly a decade, Makiko relocated her practice to Asia permanently in 2017.

Select keynote representations have included:

  • KKR (and its portfolio companies) in multiple financings, including its:
    • Approximately NT$47.8 billion (US$1.56 billion) acquisition of Taiwan’s LCY Chemical Corp., which was named a 2019 deal of the year by Asian-mena Counsel, FinanceAsia and IFLR;
    • ¥498.3 billion (approximately US$4.5 billion) acquisition of Japan’s Calsonic Kansei, and Calsonic Kansei in its approximately €6.2 billion (US$7.1 billion) acquisition of Magneti Marelli, an Italian company;
    • INR15.54 billion (approximately US$204 million) acquisition of five Indian solar energy assets from SP Infra;
    • Approximately ¥257.1 billion (approximately US$2.3 billion) tender offer of Japan’s Hitachi Kokusai Electric and its US$2.2 billion announced sale to Applied Materials;
    • Approximately ¥165 billion (US$1.67 billion) acquisition of Panasonic Healthcare of Japan; Panasonic’s Healthcare’s €1.02 billion (approximately US$1.1 billion) carve-out acquisition of Bayer AG’s Diabetes Care business division; and PHC Holdings (f/k/a Panasonic Healthcare) in its approximately US$1.14 billion acquisition of the Anatomical Pathology business of Thermo Fisher Scientific Inc.;
    • Approximately ¥147.1 billion (approximately US$1.28 billion) tender off of Japan’s Koki Holdings (f/k/a Hitachi Koki Co); and
    • Investment in and the spinoff of Pioneer DJ (n/k/a AlphaTheta) and subsequent sale of its 85% stake in the Japanese company
  • Blackstone Real Estate Partners in multiple financings in Asia, including the financing for its US$1.25 billion acquisition of VivoCity Mall in Shanghai from Mapletree and its HK$12 billion acquisition, as part of a consortium with Gaw Capital Partners and Goldman Sachs, of 12 shopping centers in Hong Kong from Link REIT
  • SoftBank in a ¥500 billion (US$4.5 billion equivalent) margin loan financing 
  • Kookmin Bank Co., Ltd., The Korea Development Bank and The Export-Import Bank of Korea as lead arrangers in a US$839 million second lien term loan facility, and KEB Hana Bank, The Export-Import Bank of Korea and The Korea Development Bank as lead arrangers in a US$162 million additional term loan facility in connection with the acquisition of Momentive Performance Materials by a consortium
  • ChemChina in its US$5.5 billion refinancing
  • SK Holdings in its acquisition of AMPAC Fine Chemicals

A recognized leader, Makiko is a member of the Asia-Pacific Committee of Women in Fund Finance and served as a Co-Chair of the organization in 2018 through 2019. In 2017, she was a Fellow of the Leadership Council on Legal Diversity, an organization focused on building a more open and legal profession. Makiko has also been a featured panelist at the Annual Asia-Pacific Fund Finance Symposium.

Makiko joined Simpson Thacher after graduating from Georgetown University School of Law in 2007, where she received her J.D. cum laude. She received her B.A. from Yale University in 2001. Originally from Japan, Makiko grew up in Europe and was educated in the United States, and is fluent in Japanese. She is admitted to practice in New York and as a solicitor in Hong Kong, and is a CFA Charterholder.

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