Attached files

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EX-23.2 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - SRAM International Corpdex232.htm
S-1/A - AMENDMENT NO. 2 TO FORM S-1 - SRAM International Corpds1a.htm

Exhibit 5.1

 

   233 S. Wacker Drive, Suite 5800
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LOGO    FIRM / AFFILIATE OFFICES
   Abu Dhabi    Moscow
   Barcelona    Munich
   Beijing    New Jersey
   Boston    New York
   Brussels    Orange County
Form of Opinion of Latham & Watkins, LLP    Chicago    Paris
   Doha    Riyadh
            , 2011    Dubai    Rome
   Frankfurt    San Diego
   Hamburg    San Francisco
   Hong Kong    Shanghai
   Houston    Silicon Valley
   London    Singapore
SRAM International Corporation    Los Angeles    Tokyo
1333 N. Kingsbury Street, 4th Floor    Madrid    Washington, D.C.
Chicago, Illinois 60642    Milan   

 

  Re: Registration Statement No. 333-174140;
                   shares of Class A Common Stock, par value $0.01 per share

Ladies and Gentlemen:

We have acted as counsel to SRAM International Corporation, a Delaware corporation (the “Company”), in connection with the proposed issuance and sale of up to              shares of Class A common stock, par value $0.01 per share, of the Company (the “Shares”). The Shares are included in a registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on May 12, 2011 (Registration No. 333–174140) (as amended, the “Registration Statement”). The Shares include (i) up to              Shares being offered by the Company (the “Company Shares”), (ii) up to              Shares being offered by certain stockholders (the “Selling Stockholders”) of the Company (the “Selling Stockholder Shares”) and (iii) up to              Shares which may be purchased by the underwriters from the Company pursuant to an option to purchase additional shares granted by the Company (the “Option Shares”). The terms “Company Shares,” “Selling Stockholder Shares” and “Option Shares” shall also include any additional such shares registered by the Company pursuant to Rule 462(b) under the Act in connection with the offering contemplated by the Registration Statement. This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus (“Prospectus”), other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the


            , 2011

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General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof:

1. When the Amended and Restated Certificate of Incorporation of the Company in the form most recently filed as an exhibit to the Registration Statement has been filed with the Secretary of State of the State of Delaware and becomes effective, and when the Selling Stockholder Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the Selling Stockholders, and have been issued by the Company against payment therefor in the circumstance contemplated by the reorganization (as defined in the Registration Statement), the Selling Stockholder Shares will have been duly authorized by all necessary corporate action of the Company and will be validly issued, fully paid and nonassessable.

2. When the Amended and Restated Certificate of Incorporation of the Company in the form most recently filed as an exhibit to the Registration Statement has been filed with the Secretary of State of the State of Delaware and becomes effective and when the Company Shares and Option Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers, and have been issued by the Company against payment therefor in the circumstances contemplated by the form of underwriting agreement most recently filed as an exhibit to the Registration Statement, the issue and sale of the Company Shares and Option Shares will have been duly authorized by all necessary corporate action of the Company, and the Company Shares and Option Shares will be validly issued, fully paid and nonassessable.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you. We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm in the Prospectus under the heading “Legal Matters.” We further consent to the incorporation by reference of this letter and consent into any registration statement filed pursuant to Rule 462(b) with respect to the Shares. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Very truly yours,