Michael Yoshii is a partner based in the Tokyo office. Mr. Yoshii's practice focuses on cross-border mergers and acquisitions, joint ventures, and strategic investments for buyers, sellers, and financial institutions. He is also active in project development and finance, and is experienced in advising project companies, sponsors, and lenders on a number of landmark project development and finance transactions in the Philippines, Indonesia, and elsewhere in Asia.
Mr. Yoshii has been named as a leading attorney in all of the Chambers Asia-Pacific guides since 2008, and is described as a lawyer who is “down-to-earth, has good negotiation skill and always thinks of the client's best interests” and “a very good lawyer with deep expertise in assisting blue-chip companies with cross-border transactions.” Mr. Yoshii is also ranked as a leading lawyer by IFLR1000 and is listed for banking, M&A, and project finance in Japan.
Mr. Yoshii’s recent M&A experience includes representing:
- San Miguel Corporation (Philippines) in its US$1.9 billion acquisition of Masin-AES Pte. Ltd. from AES and the EGCO Group. This transaction involves the acquisition of the 630 MW Masinloc coal-fired power plant, its expansion under construction, and the 10 MW Masinloc energy storage project in Zambales, Philippines.
- Nissan Motor Co., Ltd. in its establishment of a strategic alliance with Mitsubishi Motors Corporation and the related US$2.3 billion acquisition by Nissan Motor Co., Ltd. of 34% of the shares in Mitsubishi Motors Corporation.
- C.R. Bard in its acquisition from Kobayashi Pharmaceutical Co., Ltd. of the remaining 50% stake in Medicon, a Japan-based distributor of medical equipment, that the company did not previously own.
- Starbucks Corporation in its acquisition, by way of a two-step tender process, of the remaining 60.5% share of Starbucks Coffee Japan, Ltd. that the company did not previously own.
- Spansion Inc. in the US$175 million acquisition of the Microcontroller and Analog business of Fujitsu Semiconductor, a designer and manufacturer of semiconductors, including advising on complex business, asset, and intellectual property transfers, and supply, distribution, and licensing agreements.
- Marubeni Corporation, in its acquisition of a 15% stake in the 2x610-MW Paiton II coal-fired power station located in East Java Indonesia.
- GE Energy Financial Services in its investment in several Japanese solar portfolio joint ventures.
- Marubeni Corporation in connection with its US$200 million acquisition of a 35% stake in the 200MW Rantau Dedap geothermal project in South Sumatra, Indonesia.
- Chubu Electric Co., Ltd. in the acquisition together with Tyr Energy Inc. of stakes in five US independent power producer companies from Tenaska, Inc.
- Liberty Global, Inc. in the sale of its 37% stake in J:COM (Jupiter Telecommunications Co., Ltd., largest cable TV operator in Japan) to KDDI Corporation for US$4 billion.
Mr. Yoshii’s recent project finance experience includes representing:
- The export credit agencies and commercial bank lenders in the US$3.55 billion project financing of the 2x1000 MW Tanjung Jati B 5 & 6 coal-fired power project expansion in Central Java, Indonesia.
- Meralco Powergen Corporation in connection with the project financing of the San Buenaventura Power Project, a 455-MW coal-fired generating facility in Quezon, Philippines. This transaction was named Asia-Pacific Power Deal of the Year by Project Finance International (PFI).
- San Miguel Corporation and commercial banks in connection with the project financing of the Limay Power Plant, a 300-MW coal-fired generating facility in Limay, Philippines.
- The export credit agencies and commercial banks on the project financing of the Cameron LNG project in the USA sponsored by Sempra Energy, GDF Suez, Nippon Yusen Kabushiki Kaisha, Mitsubishi Corp., and Mitsui & Co.
- The lenders in connection with the US$20 billion financing and development of the off-shore Ichthys LNG Project in Western Australia.
- Senoko Energy Pte. Ltd in connection with the US$875 million refinancing of the company’s existing loan facility to repower the Senoko Power Project in Singapore.
- Marubeni Corporation in connection with US$650 million project financing for Marubeni LP Holding B.V.'s acquisition of 30% equity interests in a portfolio of copper mines located in Chile. The portfolio consists of the Minera Esperanza, the Minera El Tesoro, and the Minera los Pelambres.
- Denham Capital Management LP in connection with US$728 million project financing for GNPower Mariveles Coal Plant Ltd. Co.'s 600-MW Mariveles coal-fired power facility, including a private port facility and associated facilities in the Philippines.
- Senoko Power Limited in connection with US$2.65 billion senior and mezzanine debt financing to refinance the bridge loan facility used to acquire Senoko Power Limited from Temasek Holdings (Private) Ltd.
- Sumitomo Mitsui Banking Corporation and other commercial lenders as lead counsel in connection with the ¥180 billion (US$1.6 billion) project financing of the Tanjung Jati B IPP project in Indonesia. Led finance and security documentation, lender due diligence, and finance negotiations. Loan documentation in both English and Japanese languages.