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S-1/A - FORM S-1 AMENDMENT NO. 1 - Elevance Renewable Sciences, Inc.d231495ds1a.htm
EX-99.2 - CONSENT OF THE JACOBSEN - Elevance Renewable Sciences, Inc.d231495dex992.htm
EX-23.1 - CONSENT OF KPMG LLP - Elevance Renewable Sciences, Inc.d231495dex231.htm
EX-99.1 - CONSENT OF ICIS - Elevance Renewable Sciences, Inc.d231495dex991.htm
EX-10.13 - COMMERCIALIZATION AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1013.htm
EX-10.14 - PRODUCT CONVERSION AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1014.htm
EX-10.11 - JOINT DEVELOPMENT AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1011.htm
EX-10.12 - JOINT DEVELOPMENT AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1012.htm
EX-10.11.(B) - JOINT DEVELOPMENT AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1011b.htm
EX-10.11.(C) - JOINT DEVELOPMENT AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1011c.htm
EX-10.11.(A) - JOINT DEVELOPMENT AGREEMENT - Elevance Renewable Sciences, Inc.d231495dex1011a.htm

Exhibit 5.1

 

  

LOGO

  
  

 

300 North LaSalle

Chicago, Illinois 60654

  
  

 

(312) 862-2000

 

  

Facsimile:    

(312) 862-2200

   www.kirkland.com   

November 14, 2011

Elevance Renewable Sciences, Inc.

2501 W. Davey Road

Woodridge, Illinois 60440

Ladies and Gentlemen:

We are acting as special counsel to Elevance Renewable Sciences, Inc., a Delaware corporation (the “Company”), in connection with the registration by the Company of shares of its Common Stock, par value $0.0001 per share (the “Common Stock”), including shares of Common Stock to cover over-allotments, if any, pursuant to a Registration Statement on Form S-1, originally filed with the Securities and Exchange Commission (the “Commission”) on September 21, 2011 under the Securities Act of 1933, as amended (the “Act”) (such Registration Statement, as amended or supplemented, is hereinafter referred to as the “Registration Statement”). The shares of Common Stock to be issued and sold by the Company pursuant to the Registration Statement are referred to herein as the “Firm Shares.”

In that connection, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records and other instruments as we have deemed necessary for the purposes of this opinion, including (i) the Certificate of Incorporation of the Company to be filed as Exhibit 3.1 to the Registration Statement; (ii) the Bylaws of the Company to be filed as Exhibit 3.2 to the Registration Statement; (iii) the form of underwriting agreement to be filed as Exhibit 1.1 to the Registration Statement; (iv) the resolutions of the Board of Directors of the Company; and (v) the Registration Statement.

For purposes of this opinion, we have assumed the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies and the authenticity of the originals of all documents submitted to us as copies. We have also assumed the legal capacity of all natural persons, the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all documents by the parties thereto other than the Company. We relied upon statements and representations of officers and other representatives of the Company and others as to factual matters.

Based upon and subject to the foregoing qualifications, assumptions and limitations and the further limitations set forth below, we are of the opinion that, when (i) the final Underwriting

 

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Elevance Renewable Sciences, Inc.

November 14, 2011

Page 2

 

Agreement is duly executed and delivered by the parties thereto and (ii) the Registration Statement becomes effective under the Act, the Firm Shares will be duly authorized, and when the Firm Shares are registered by the Company’s transfer agent and delivered against payment of the agreed consideration therefor, all in accordance with the Underwriting Agreement, the Firm Shares will be validly issued, fully paid and non-assessable.

Our opinion expressed above is subject to the qualifications that we express no opinion as to the applicability of, compliance with, or effect of any laws except the General Corporation Law of the State of Delaware (including the statutory provisions, all applicable provisions of the Delaware constitution and reported judicial decisions interpreting the foregoing).

We hereby consent to the filing of this opinion with the Commission as Exhibit 5.1 to the Registration Statement. We also consent to the reference to our firm under the heading “Legal Matters” in the Registration Statement. In giving this 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.

This opinion is limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein.

This opinion is furnished to you in connection with the filing of the Registration Statement.

Very truly yours,

/s/ KIRKLAND & ELLIS LLP

KIRKLAND & ELLIS LLP