Coca-Cola’s deal to buy a stake in Monster Beverage has added extra fizz to the US M&A business at Barclays, which remains among the top advisers across the Atlantic despite a sizable shake-up this year.

Barclays advised energy drink Monster on the deal, which will see Coke pay $2.15 billion for a 16.7% equity stake in the second-largest energy drink producer in the US. As part of the deal, Atlanta-based Coke will transfer its energy drinks business globally to Monster with the Corona, California-based company transferring ownership of its non-energy drink business to Coke.