Latham Advises on Celsius Holdings’ US$1.8 billion Acquisition of Alani Nutrition

Celsius Holdings, Inc. (Nasdaq: CELH) announced that it has entered into a definitive agreement to acquire Alani Nutrition LLC for US$1.8 billion including US$150 million in tax assets for a net purchase price of US$1.65 billion, comprising a mix of cash and stock. The transaction will combine two growing, scaled brands in the US energy drink category, creating a leading better-for-you, functional lifestyle platform that is well positioned to capitalize on the growing consumer preference for zero-sugar alternatives. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2025.

Latham & Watkins LLP represents UBS Investment Bank, financial advisor to Celsius Holdings, in the transaction with a corporate team led by Century City partner Steven Stokdyk, with associate Dylan Shamoon.