Early life and education Michael Grimes attended
Polytechnic School in Pasadena, California and the
University of California, Berkeley, where he received a degree in Electrical Engineering and Computer Sciences. 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. (his father's company). 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 has been involved with hundreds of technology investment banking transactions aggregating over $100 billion in value, including a number of high-profile
initial public offerings,
mergers and acquisitions, equity and debt financings. Most notable were
Facebook's $16 billion IPO, and
Google’s $1.9 billion IPO, completed with an auction format. 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 Systems.
United States Department of Commerce Grimes serves at the
United States Department of Commerce under president
Donald Trump's second term. ==Recognition==