Advent International is planning to sell 7.25 million shares of discount retailer Five Below (Nasdaq: FIVE) via a public secondary offering. The company’s shares closed trading yesterday at $38.63 per share. Goldman Sachs, Barclays and Jefferies are managing the sale, which also includes another 1.3 million shares being sold by insiders. If successfully placed, Advent’s ownership position would fall from 32.3% to 18.9%. www.fivebelow.com
Lindsay Goldberg is offering 6.5 million shares of Pike Electric Corp. (NYSE: PIKE), a provider of energy solutions for electric utilities, via a secondary public offering. Pike shares closed trading yesterday at $13.06 per share. The deal would represent Linsday Goldberg’s entire 37.1% ownership stake. JPMorgan Chase and BoA Merrill Lynch are serving as lead underwriters. www.pike.com
Norwest Equity Partners has agreed to sell Caliber Co., the parent company of hunting rifle and shotgun maker Savage Sports Corp., to Alliant Techsystems (NYSE: ATK). The deal is valued at $315 million in cash. www.nep.com
Twitter has acquired Lucky Sort, a Portland, Ore.-based big data visualization and navigation engine. No financial terms were disclosed. Lucky Sort has been seeded by Neu Venture Capital and individual angels. www.twitter.com
Danone (Paris: BN) has agreed to acquire over a 90% equity stake in Happy Family, a New York-based maker of baby and toddler food products. Sellers would include RAIN Source Capital, RSF Capital Management and the W.K. Kellogg Foundation. No financial terms were disclosed, but WSJ reports the deal was valued at “hundreds of millions of dollars.” www.happyfamilybrands.com
Daniel Loeb, head of hedge fund Third Point, is calling for Sony to spin off its entertainment arm. Third Point folds around a 6.5% stake in Sony, which currently is valued at around $1.1 billion.www.sony.com
Elan Corp. (NYSE: ELN) has reached a royalty participation agreement with Theravance Inc.(Nasdaq: THRX), whereby Elan will make a $1 billion cash payment for a 21% stake in royalties related to a portfolio of four Theravance respiratory drug programs. The stake currently is held by GlaxoSmithKline (LSE: GSK). www.elan.com
AirAsia X, a Malaysian long-haul air carrier, said that it plans to raise $300 million in an IPO.www.airasia.com
Frank’s International NV, a global provider of tubular services to the oil and gas industry, has filed for a $500 million IPO. It plans to trade on the NYSE under ticker symbol FI, with Barclays, Credit Suisse and Simmons & Co. serving as co-lead underwriters. The company reports around $351 million in net income on $1.06 billion of revenue for 2012. www.franksinternational.com
Global Brass & Copper Holdings Inc., a Schaumberg, Ill.-based maker of copper and brass products, has set its IPO terms to 9.375 million shares being offered at between $15 and $17 per share. It plans to trade on the NYSE under ticker symbol BRSS, with Goldman Sachs and Morgan Stanley serving as co-lead underwriters. The company reports $12.9 million in net income on around $1.65 billion in revenue for 2012. KPS Capital Partners is Global Brass & Copper’s majority shareholder. www.gbcmetals.com
Constellium, a Paris-based maker of aluminum products and components, has filed for an IPO and set terms to 22.22 million Class A shares being offered at between $17and $19. It plans to trade on the NYSE and Euronext Paris under ticker symbol CSTM, with Goldman Sachs, Deutsche Bank and J.P. Morgan serving as lead underwriters. The company reports $134 million in profit on around $3.6 billion in revenue for 2012. Shareholders include Apollo Global Management and Fonds Stratégique d’Investissement. www.constellium.com
Sun Capital Partners has picked Goldman Sachs and Robert W. Baird to lead an IPO for Vince, a high-end sportswear group owned by Kellwood Co., according to Reuters. The IPO would be designed to raise around $200 million this fall, with BoA Merrill Lynch, UBS and JPMorgan Chase also involved. www.vince.com
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