Macquarie Group

Richman will focus on building relationships with tech companies, financial sponsors and strategic investors across artificial intelligence, robotics, compute, quantum and other tech sectors.

OnStream is a smart meter asset provider in the U.K., with an installed base of approximately seven million meters.

Alden will advise the bank’s broader industrial client base on mergers and acquisitions and other strategic matters.

The acquisition aligns with Macquarie’s strategy to expand its portfolio of companies offering complementary services and technology to infrastructure assets.

According to a report, discussions between the two firms ultimately fell through during the summer as Carlyle's recent turnaround gained momentum.