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  4. Freshfields Represents Celsius on the Acquisition of Rockstar, Convertible Preferred PIPE, and Related Strategic Energy Drink Transactions with Pepsico
1MIN

Freshfields Represents Celsius on the Acquisition of Rockstar, Convertible Preferred PIPE, and Related Strategic Energy Drink Transactions with Pepsico

Aug 29 2025

Freshfields is representing Celsius in a series of strategic transactions with Pepsico, including the acquisition of Rockstar, a convertible preferred stock PIPE issuance, new distribution and other commercial arrangements for Alani Nu, Celsius and Rockstar, and Celsius's becoming Pepsico's energy captain. Details about these strategic transactions can be found here. 

Earlier this year, Freshfields represented Celsius on its acquisition of Alani Nutrition LLC (Alani Nu) for $1.8 billion.

The Freshfields team was led by partners Ethan Klingsberg and Sanjay Murti and included senior associate Abigail Hathaway and associates Daria Butler, Ofek Galipoliti and Sydney Hallisey. Partner Mena Kaplan, counsel Marissa Yu, senior associate Max Sanders and associates Hugh Goodwin and Olivia Luongo advised on commercial and intellectual property matters; partner Sarah Ghulamhussain and associate Emily Shaw advised on executive compensation and benefits matters; partners Meghan Rissmiller and Christine Wilson, special counsel Charles Ramsey, senior associate William Cooke and associates Ioana-Virginia Motoc and Claire Wolter advised on antitrust and FTC matters; partners Michael Levitt and Pam Marcogliese, counsel Tracy Zhang and senior associate Abbey MacDonald advised on capital markets matters; partner Brock Dahl and associate Jackson Myers advised on data privacy and security matters; and partner Claude Stansbury and associates Jessica Berman and Dominik Luczak advised on tax matters.

Our Team

New York

Ethan Klingsberg

Partner, Co-Head of US Corporate and M&A
New York

Sanjay Murti

Partner
New York

Abigail Hathaway

Senior Associate
New York

Daria Butler

Associate
New York

Sydney Hallisey

Associate
New York

Menachem Kaplan

Partner
San Francisco

Marissa Yu

Counsel
New York

Max Sanders

Senior Associate
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