Michael Grimes

Michael Grimes (born November 25, 1966) is Managing Director and Co-Head of Global Technology Investment Banking at Morgan Stanley.

In 2002, Grimes was first named to Forbes’ Midas List of the top dealmakers in technology and life sciences venture capital and investment banking, debuting as the second ranked investment banker and #18 overall; Grimes has been the top ranked investment banker on the Midas list in 2004, 2005, 2006, and 2007, and the second ranked technology investment banker in 2008. In July 2010, Grimes was named to Fortune’s “50 Smartest People In Tech.” ^{[1] [2] [3] [4] [5] [6] [7]}

Grimes has also been named by AlwaysOn to their “Power List” of technology dealmakers, Institutional Investor’s November 2006 “40 under 40” list of investment bankers who represent “the way Wall Street is evolving today”, the New York Times “Facebook of Wall Street’s future” , Dealmaker magazine’s “Top 50 Rainmakers”. ^{[8] [9] [10]}

Biography

Early life and education

Michael Grimes was born in Los Angeles, California in 1966 and attended Polytechnic School in Pasadena, California and the University of California, Berkeley, where he received degrees in Electrical Engineering and Computer Science. He interned as a communications systems engineer at Hughes Aircraft Company in the Space and Communications Group in 1985, as an information systems engineer at Pacific Bell in 1986, and was a software programmer and consultant at Grimes Surveying & Mapping Inc.

Career

Upon graduation in 1987, Grimes joined Salomon Brothers now part of Citigroup in technology investment banking, and in 1992 joined Bear Stearns as a Vice President in technology banking. In 1995, Grimes was recruited by Frank Quattrone to join Morgan Stanley as a Vice President in their Menlo Park office, focused on technology banking. In April 1996, Quattrone and a number of deputies departed for Deutsche Morgan Grenfell, leaving Grimes to stay at Morgan Stanley. Grimes then worked under Cordell Spencer and Dhiren Shah over the next few years and helped rebuild the West Coast Technology Investment Banking business. In 2005 Grimes and Paul Chamberlain were elevated to Co-Heads of Global Technology Banking.

Michael Grimes’ clients have included Accenture, Agilent, AMD, Atheros, Atmel, Avago, Avaya, Electronic Arts, EMC, Google, HP, Ingram Micro, Intel, KLA Instruments, Lattice Semiconductor, Lucent, Microsoft, Netflix, Nvidia, Omniture, Oracle, SAIC, SanDisk, Seagate, SuccessFactors, Qualcomm, VeriSign, and Veritas.

Michael Grimes has been involved with hundreds of technology investment banking transactions aggregating over $100 billion in value, including a number of high profile IPOs, mergers and acquisitions, equity and debt financings. Most notable was Google’s $1.9 billion initial public offering, completed with an auction format. Other high profile technology IPOs he worked on include Accenture, Atheros, Bigband, Cymer, Rambus, @Home Networks, Brocade, Extreme Networks, Omniture, Optium, SanDisk, Seagate Technology, Science Applications International Corporation (SAIC), SuccessFactors, and VeriSign. Recently, Grimes worked on HP’s acquisition of 3Com, Omniture’s acquisition by Adobe, Dell’s acquisition of Perot Systems, Zappos joining forces with Amazon, AdMob’s acquisition by Google, EMC’s acquisition of Data Domain, Dash Navigation’s acquisition by Research in Motion, Logitech’s acquisition of LifeSize and the IPOs for A123, Avago, Ancestry.com, Digital Globe, and Fortinet, along with the follow-on offering for SuccessFactors and debt offering for Netflix. Grimes has also been involved with technology M&A transactions such as Seagate Technology’s $20.5 billion 3-way merger and spinoff transaction with Veritas Software, Silver Lake Partners and Texas Pacific Group, Hewlett-Packard’s $13.6 billion split-up into HP and Agilent (at the time the Agilent IPO was the largest initial public offering in Silicon Valley history), Oracle’s $5.8 billion acquisition of Siebel.

The technology team at Morgan Stanley was featured in a BusinessWeek cover story which focused on Morgan Stanley’s team approach to IPOs and lack of a star system in technology.^[11]

References

1. ^ "Midas List", Forbes
2. ^ "Midas List 2004", Forbes, January 29, 2004
3. ^ "The Midas List", Forbes, February 14, 2005
4. ^ "The Midas List", Forbes.
5. ^ "The Midas List", Forbes
6. ^ "The Midas List", Forbes
7. ^ "The smartest people in tech", Fortune
8. ^ "40 Under 40", Investment Dealer's Digest, November 27 2006
9. ^ "The Facebook of Wall Street's Future", New York Times, October 3 2007
10. ^ "The Rainmakers", Dealmaker, November/December 2007
11. ^ "Morgan Stanley: No Stars -- And Lots Of Top Tech IPOs ", Businessweek, January 17, 2005

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Name	Grimes, Michael
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Date of birth	November 25, 1966
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