Latham & Watkins Advises CANarchy Craft Brewery Collective in Acquisition by Monster

Monster Beverage Corporation (NASDAQ: MNST) has announced that it has entered into a definitive agreement to acquire CANarchy Craft Brewery Collective LLC, a craft beer and hard seltzer company, for US$330 million in cash. The transaction is expected to close in the first calendar quarter of 2022 and is subject to customary closing conditions, including regulatory approvals.

Latham & Watkins LLP represents CANarchy Craft Brewery Collective in the transaction with a corporate deal team led by New York partners Alex Kelly and Paul Kukish, with associates Serena Shi, Hancen Yu, and Brent Webber. Advice was also provided on debt financing matters by New York partners Stelios Saffos and Peter Sluka; on intellectual property matters by New York partner Steven Betensky; on tax matters by New York partner Jocelyn Noll; and on benefits and compensation matters by Los Angeles partner Michelle Carpenter.