Jeff Tannenbaum Bets on Kinder Capitalism, Even for LBOs (1)

Embedding social responsibility into a company’s organizing documents has sometimes been seen as risky, but private equity pioneer and hedge fund founder Jeff Tannenbaum is betting it is the future.

Tannenbaum’s firm, Titan Grove Holdings, which focuses on sustainable companies, said Tuesday that it sold smart city telecommunications company Modus to Denver-based private equity firm Bow River Holdings.

Jeff Tannenbaum

Source: Bloomberg

While terms of the deal weren’t disclosed, Bow River plans to retain Modus’s B Corp designation as part of the acquisition -- a sign that public benefit corporations can keep that organizing structure as they grow.

B Corps allow companies ...