You can get a similar effect with the standard effects. Your preferred settings may vary from those I’ve used, but this’ll get you started.
Create a new, back solid (comp size) and apply effects > generate > cell pattern.
Set the cell pattern to “bubbles”, contrast to “600”, disperse to “0.0”, size to about “6.0”. Leave everything else at default. (Try different cell patterns and overflow settings)
Pre-compose the layer, then scale to 125% on the X-axis and 300% on the Y-axis.
Place the layer above your footage layer and use it as a luma track matte.
The result isn’t exactly the same, but quite similar. Hope this helps.