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Makiko Harunari

Partner at Simpson Thacher & Bartlett

Lawyer

Deal Bio

Total Deals40

Valued Deals26

Total Value£ 52.93 B

Avg. Deal Size£ 2.04 B

Market Context

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22 Oct 2018|Italy|Auto Parts

Target: MAGNETI MARELLI SPA

Bidder: CALSONIC KANSEI CORPORATION

23 Service Providers

2 Target | 15 Bidder | 5 Vendor

48 Dealmakers

6 Target | 32 Bidder | 13 Vendor

£ 4.98 B

Value

13 Sep 2018|United States|Chemicals: Diversified

Target: MPM HOLDINGS INC

Bidder: SJL PARTNERS LLC

26 Service Providers

8 Target | 18 Bidder

42 Dealmakers

11 Target | 31 Bidder

£ 2.38 B

Value

28 Jan 2019|United States|Medical Equipment

Target: THERMO FISHER’S ANATOMICAL PATHOLOGY

Bidder: PHC HOLDINGS CORP

3 Service Providers

2 Bidder | 1 Vendor

28 Dealmakers

27 Bidder | 2 Vendor

£ 863 M

Value

01 Jul 2019|Japan|Mobile

Target: KOKUSAI ELECTRIC CORP

Bidder: APPLIED MATERIALS

16 Service Providers

1 Target | 8 Bidder | 7 Vendor

75 Dealmakers

1 Target | 45 Bidder | 29 Vendor

£ 2.56 B

Value

02 Mar 2020|Japan|Computer Hardware

Target: ALPHATHETA

Bidder: NORITSU

11 Service Providers

1 Target | 4 Bidder | 6 Vendor

28 Dealmakers

1 Target | 6 Bidder | 21 Vendor

£ 253 M

Value

15 Nov 2020|Japan|Diversified Retailers

Target: SEIYU

Bidder: KKR & CO

9 Service Providers

1 Target | 5 Bidder | 3 Vendor

51 Dealmakers

1 Target | 35 Bidder | 14 Vendor

£ 1.21 B

Value

22 Mar 2021|Australia|Hotels and Motels

Target: CROWN RESORTS LIMITED

Bidder: BLACKSTONE GROUP INC

17 Service Providers

4 Target | 12 Bidder | 1 Vendor

28 Dealmakers

10 Target | 18 Bidder

£ 4.42 B

Value

26 Apr 2021|India|IT Services: Other

Target: MPHASIS

Bidder: BLACKSTONE GROUP INC

5 Service Providers

1 Target | 4 Bidder

29 Dealmakers

1 Target | 28 Bidder

£ 792 M

Value

05 Jun 2021|China|Food Products

Target: RECKITT (CHILD NUTRITION BUSINESS)

Bidder: PRIMAVERA CAPITAL

10 Service Providers

4 Bidder | 6 Vendor

83 Dealmakers

25 Bidder | 58 Vendor

£ 1.55 B

Value

21 Jun 2021|India|Cosmetics

Target: VINI COSMETICS

Bidder: KKR & CO

11 Service Providers

3 Target | 7 Bidder | 1 Vendor

33 Dealmakers

4 Target | 27 Bidder | 2 Vendor

£ 452 M

Value

04 Aug 2021|China|Health Care Services

Target: UNITED FAMILY HEALTHCARE

Bidder: VIVO CAPITAL LLC

18 Service Providers

4 Target | 14 Bidder

57 Dealmakers

14 Target | 43 Bidder

£ 1.29 B

Value

05 Nov 2021|South Korea|Integrated Oil and Gas

Target: SK E&S

Bidder: KKR & CO

8 Service Providers

2 Target | 6 Bidder

23 Dealmakers

2 Target | 21 Bidder

£ 1.50 B

Value

08 Nov 2021|Japan|Storage Terminals

Target: CENTRAL TANK TERMINAL

Bidder: KKR & CO

8 Service Providers

1 Target | 5 Bidder | 2 Vendor

44 Dealmakers

1 Target | 28 Bidder | 15 Vendor

n/a

Value

17 Dec 2021|Japan|Software

Target: YAYOI CO LTD

Bidder: KKR & CO

6 Service Providers

1 Target | 4 Bidder | 1 Vendor

15 Dealmakers

1 Target | 13 Bidder | 1 Vendor

n/a

Value

14 Feb 2022|India|Asset Managers and Custodians

Target: ASK INVESTMENT MANAGERS

Bidder: BLACKSTONE GROUP INC

11 Service Providers

4 Target | 6 Bidder | 1 Vendor

18 Dealmakers

2 Target | 15 Bidder | 1 Vendor

n/a

Value

17 Mar 2022|Japan|Real Estate Holding and Development

Target: MC-UBSR

Bidder: KKR & CO

13 Service Providers

3 Target | 5 Bidder | 5 Vendor

42 Dealmakers

5 Target | 26 Bidder | 11 Vendor

£ 1.53 B

Value

28 Apr 2022|Japan|Transportation Services

Target: HITACHI TRANSPORT SYSTEM

Bidder: KKR & CO

11 Service Providers

4 Target | 7 Bidder

40 Dealmakers

10 Target | 30 Bidder

£ 4.78 B

Value

22 Dec 2022|South Korea|Integrated Oil and Gas

Target: SK E&S

Bidder: KKR & CO

4 Service Providers

1 Target | 3 Bidder

11 Dealmakers

1 Target | 10 Bidder

£ 474 M

Value

27 Mar 2023|Japan|Hotels and Motels

Target: HYATT REGENCY TOKYO

Bidder: GAW CAPITAL PARTNERS

5 Service Providers

5 Bidder

21 Dealmakers

21 Bidder

n/a

Value

12 May 2023|Japan|Diversified Retailers

Target: SEIYU

Bidder: KKR & CO

5 Service Providers

1 Target | 3 Bidder | 1 Vendor

15 Dealmakers

2 Target | 12 Bidder | 1 Vendor

n/a

Value

19 May 2023|Belgium|Test Inspection and Certification (TIC)

Target: INTERNATIONAL GEMOLOGICAL INSTITUTE

Bidder: BLACKSTONE GROUP INC

11 Service Providers

5 Target | 5 Bidder | 1 Vendor

71 Dealmakers

15 Target | 55 Bidder | 1 Vendor

n/a

Value

02 Aug 2023|India|Industrial Distribution

Target: LEAP INDIA

Bidder: KKR & CO

12 Service Providers

6 Target | 6 Bidder

32 Dealmakers

8 Target | 24 Bidder

n/a

Value

22 Dec 2023|Japan|Payments / Commerce

Target: SONY PAYMENT SERVICES

Bidder: BLACKSTONE GROUP INC

7 Service Providers

1 Target | 4 Bidder | 2 Vendor

26 Dealmakers

1 Target | 23 Bidder | 2 Vendor

£ 221 M

Value

06 May 2024|India|Medical Supplies

Target: HEALTHIUM MEDTECH

Bidder: KKR & CO

11 Service Providers

3 Target | 5 Bidder | 3 Vendor

67 Dealmakers

1 Target | 39 Bidder | 27 Vendor

£ 669 M

Value

13 May 2024|Japan|Pharmaceuticals

Target: I'ROM GROUP CO LTD

Bidder: BLACKSTONE GROUP INC

5 Service Providers

1 Target | 4 Bidder

16 Dealmakers

1 Target | 15 Bidder

£ 95 M

Value

09 May 2024|Japan|Storage Terminals

Target: ALPS LOGISTICS

Bidder: LOGISTEED

12 Service Providers

7 Target | 5 Bidder

12 Dealmakers

1 Target | 11 Bidder

n/a

Value

03 Jul 2024|Japan|Pharmaceuticals

Target: ALINAMIN PHARMACEUTICAL

Bidder: MBK PARTNERS

6 Service Providers

2 Target | 1 Bidder | 3 Vendor

20 Dealmakers

2 Target | 1 Bidder | 17 Vendor

£ 1.66 B

Value

08 Aug 2024|Japan|IT Services: Other

Target: FUJI SOFT

Bidder: KKR & CO

10 Service Providers

5 Target | 5 Bidder

16 Dealmakers

1 Target | 15 Bidder

£ 3.15 B

Value

04 Sep 2024|Australia|Data Centers and Hosting

Target: AIRTRUNK

Bidder: BLACKSTONE GROUP INC

18 Service Providers

4 Target | 11 Bidder | 3 Vendor

74 Dealmakers

7 Target | 55 Bidder | 12 Vendor

£ 12.32 B

Value

29 Nov 2024|India|Health Care Facilities

Target: QUALITY CARE INDIA

Bidder: ASTER DM HEALTHCARE

14 Service Providers

4 Target | 8 Bidder | 2 Vendor

77 Dealmakers

60 Target | 5 Bidder | 12 Vendor

£ 78 M

Value

18 Sep 2024|Japan|Software

Target: JINJER

Bidder: J-STAR CO LTD

5 Service Providers

1 Target | 3 Bidder | 1 Vendor

19 Dealmakers

1 Target | 17 Bidder | 1 Vendor

n/a

Value

26 Nov 2024|South Korea|Machinery: Industrial

Target: JJ TOOLS

Bidder: BLACKSTONE GROUP INC

3 Service Providers

1 Target | 2 Bidder

10 Dealmakers

1 Target | 9 Bidder

n/a

Value

03 Mar 2025|Japan|Pharmaceuticals

Target: CMIC HOLDINGS

Bidder: BLACKSTONE GROUP INC

5 Service Providers

2 Target | 3 Bidder

18 Dealmakers

4 Target | 14 Bidder

n/a

Value

05 Mar 2025|Japan|Diversified Retailers

Target: SEIYU

Bidder: TRIAL HOLDINGS

11 Service Providers

4 Target | 3 Bidder | 4 Vendor

12 Dealmakers

6 Target | 2 Bidder | 4 Vendor

£ 1.96 B

Value

28 Mar 2025|Japan|Electronic Components and Equipment

Target: TOPCON CORPORATION

Bidder: KKR & CO

7 Service Providers

3 Target | 3 Bidder | 1 Vendor

29 Dealmakers

2 Target | 20 Bidder | 7 Vendor

n/a

Value

06 Aug 2025|Japan|IT Services: Other

Target: TECHNOPRO HOLDINGS INC

Bidder: BLACKSTONE GROUP INC

6 Service Providers

3 Target | 3 Bidder

20 Dealmakers

3 Target | 17 Bidder

£ 2.59 B

Value

28 Jul 2025|South Korea|Real Estate Services

Target: QUBE (SEOUL LOGISTICS PORTFOLIO)

Bidder: BLACKSTONE REAL ESTATE PARTNERS

3 Service Providers

2 Bidder | 1 Vendor

15 Dealmakers

13 Bidder | 2 Vendor

n/a

Value

16 Sep 2025|Japan|Full Line Insurance

Target: HOKEN MINAOSHI HOMPO GROUP INC

Bidder: KKR & CO

3 Service Providers

1 Target | 2 Bidder

16 Dealmakers

2 Target | 14 Bidder

n/a

Value

10 Nov 2025|Japan|Outsourced HR and Staffing

Target: FORUM ENGINEERING

Bidder: KKR & CO

3 Service Providers

1 Target | 2 Bidder

16 Dealmakers

2 Target | 14 Bidder

£ 450 M

Value

06 Oct 2025|Japan|Third Party Logistics (3PL)

Target: LOGISTEED

Bidder: JAPAN POST HOLDINGS CO

3 Service Providers

1 Target | 1 Bidder | 1 Vendor

10 Dealmakers

1 Target | 1 Bidder | 8 Vendor

£ 691 M

Value