Iris Dorbian

Frontenac Company said Thursday that it has completed a recapitalization of Ohio Transmission Corp. No financial terms were disclosed. As part of the transaction, current shareholders and management will retain "significant" ownership stakes in Ohio Transmission. Also, the management team, which is led by CEO Phil Derrow, will continue in their roles. In addition to the news about the recapitalization, Bob Grubbs, the former CEO of Anixter International, has joined Ohio Transmission's board. Headquartered in Columbus, OH, Ohio Transmission is a distributor of industrial equipment.

Cloudera said Thursday that Dick Williams has joined the company's board of directors. Williams is the president and CEO of Webroot, an internet security firm. He is also an outside director of 3VR and LogRhythm. Based in Palo Alto, Calif. and backed by Accel Partners, Greylock Partners, Meritech Capital Partners, In-Q-Tel and Ignition Partners, Cloudera is a provider of data management solutions.

Ulmer & Berne has hired Patrick G. King to join the law firm's financial services and securities litigation practice as a partner. King, who will be based in the firm's Chicago office, previously worked at Neal, Gerber & Eisenberg where he served as a partner.

ScoreBig.com said Thursday that it has added two new senior level executives to its team. David Marcus has been named senior vice president of partnerships while Eric Wilson has become vice president of technology and product. Based in Los Angeles, Calif. and backed by Bain Capital Ventures and U.S. Venture Partners, ScoreBig.com is an online marketplace that sells unsold tickets.

Babson Capital Management said Thursday that it provided subordinated debt as part of Filtration Group's buy of Clear Edge Filtration. No financial terms were disclosed. PNC Erieview Capital and Phoenix Life Insurance also supported the subordinated debt financing. Based in Tulsa, Oklahoma, Clear Edge Filtration is a provider of industrial filtration solutions. Filtration Group is a portfolio company of Madison Capital Partners.

New York City-based Palladium Equity Partners said Thursday that it has completed the recapitalization of two portfolio companies, ABRA Auto Body & Glass and Teasdale Quality Foods. Proceeds of the recaps were used to fund an approximate $58 million distribution to investors in Palladium Equity Partners III. Also, as part of the transaction, Palladium Equity Partners will retain a majority ownership stake in both companies. ABRA is a provider of auto damage repair services while Teasdale Quality Foods is a producer of canned and dehydrated beans and hominy in the U.S., primarily serving the Hispanic market.

Peterson Partners said Wednesday that it has hired Nick Jean-Baptiste to be vice president of its investment team. In this newly created position, Jean-Baptiste will help identify investments and work with portfolio company executives to accelerate growth. Jean-Baptiste is a former vice president at Macquarie Capital. Peterson Partners is a private equity firm based in Salt Lake City, Utah.

Versatile Processing Group, a portfolio company of Insight Equity Holdings, has purchased substantially all of the assets of Environmental Management Systems. No financial terms were disclosed. Based in Phoenix, Arizona, EMS is a transformer and electrical equipment recycling company.

Kareo, an Irvine, CA-based provider of cloud-based medical office software and services, said Wednesday that it has acquired ECCO Health. No financial terms were disclosed. Based in Las Vegas, Nevada, ECCO is a provider of medical billing solutions. Kareo is backed by the Stripes Group, Greenspring Associates, OpenView Venture Partners and WTI.

Fried, Frank, Harris, Shriver & Jacobson LLP, an international law firm, said Wednesday that David J. Greenwald, will rejoin the firm in a leadership capacity. Valerie Ford Jacob, who is the firm's current chairperson and Greenwald will serve as co-chairs through February 2015. And, starting in March 2015, Greenwald will lead the firm as chairman while Jacob will become a senior partner at Fried Frank. Greenwald, who is currently a deputy general counsel and international general counsel at the Goldman Sachs Group, previously worked at Fried Frank where he focused on mergers and acquisitions and private equity transactions while representing clients such as Goldman Sachs and Forstmann Little.