Olivia Matsushita

OLIVIA MATSUSHITA’s practice spans acquisition financing, project financing of cross-border energy and infrastructure transactions, and the financing of moveable assets utilizing a range of financing structures.

Olivia has led a number of award-winning transactions including Hoya Corporation’s investment in a consortium led by Bain Capital to purchase Toshiba’s US$18 billion flash chip memory business, which was named M&A Deal of the Year: North Asia by The Asian Lawyer. She also advised on Eneos Xplora (formerly JX Nippon)/NRG Energy sponsored Petra Nova carbon capture and sequestration and enhanced oil recovery project in Texas, and the Sumitomo Chemical/Saudi-Aramco-sponsored Rabigh project, which won Deal of the Year from Project Finance International.

“Olivia Matsushita receives high marks on diligence and attentiveness. She also offers outstanding communication skills including fluency in conversing in Japanese.”
Chambers Asia Pacific 2026

Olivia has been recognized in Banking and Finance: International Asset Finance (2022 – 2026) and Projects and Energy (2023 – 2026) by Chambers Asia Pacific (Japan), and is ranked as a leading partner (2025 – 2026) and next generation partner (2021 – 2024) in Projects and Energy by Legal 500 Asia Pacific (Japan). Additionally, Olivia has also been named as a Thomson Reuters “Stand-out Lawyer” (2025 – 2026).

Olivia has been resident in Japan for many years and is fluent in Japanese.

• Multiple Japanese debt and equity arrangers on JOLCO financings of Airbus and Boeing aircraft for carriers operating in Oceania, South-East Asia, Europe, United Kingdom, and the United States. 
• A Japanese trading house on a JV for the development of electronic vertical take-off and landing (eVTOL) aircraft in Japan.
• Sumitomo Chemical on its acquisition of FBSciences Holdings, Inc., a biostimulants company engaged in the production of naturally-derived agricultural materials.
• Sumitomo Chemical on the establishment, operation and expansion of the US$20 billion project-financed integrated refining and petrochemicals complex (Petro Rabigh II) in Rabigh, Saudi Arabia. 
• Eneos Explora (formerly JX Nippon Oil and Gas Exploration Corporation):
  
  • on the development and project financing of the US$1 billion carbon capture and sequestration, pipeline, and enhanced oil recovery project (Petra Nova) in Texas, including the development of a 75MW natural gas peaker plant being used to supply power and steam to the CCS facility. 
  • on JBIC’s equity participation in the Petra Nova US$1 billion carbon capture and sequestration, pipeline, and enhanced oil recovery project in Texas.
• JERA Inc., in a consortium with CPC Corporation, on the procurement of 1.6 million tons per annum of LNG from Anadarko’s Mozambique LNG Project. 
• HOYA Corporation：
  
  • as a member of the Bain Capital consortium on the leveraged financing of the acquisition of Toshiba's US$18 billion flash chip memory business (Kioxia Japan, formerly Toshiba Memory Corporation) (Asia-Pacific Private Equity Deal of the Year, IFLR Asia Pacific Awards 2019).
  • on the proposed merger of Kioxia Holdings Inc. with Western Digital.
  • on the IPO of Kioxia Holdings Inc.
• a Japanese fast-food business on the terms of its franchise agreement with a U.S. food conglomerate and then advised on the company’s takeover via tender offer by a U.S. private equity group.
• A Japanese organic food company on a shareholder dispute, finally determined in the English High Court, with the founding partners of a high-growth tofu business in the UK.