Exhibit 5.1
April 8, 2016
SS&C Technologies Holdings, Inc.
80 Lamberton Road
Windsor, CT 06095
Ladies and Gentlemen:
We have acted as special counsel to SS&C Technologies Holdings, Inc., a Delaware corporation (the “Company”), and SS&C Technologies, Inc., a Delaware corporation, Advent Software, Inc., a Delaware corporation, Hub Data Incorporated, a Massachusetts corporation, Financial Models Company Ltd., a New York corporation, SS&C Technologies Connecticut, LLC, a Connecticut limited liability company, SS&C Hedge Fund Services North America, Inc., a Delaware corporation, SS&C Hedge Fund Services, Inc., a Delaware corporation and SS&C Private Equity Services, Inc., a Delaware corporation (collectively, the “Guarantors”) in connection with the Company’s offer (the “Exchange Offer”) to exchange its 5.875% Senior Notes due 2023 (the “New Notes,” and together with the related guarantees by the Guarantors, collectively, the “New Securities”), issued pursuant to an indenture dated as of July 8, 2015, as amended and supplemented as of the date hereof (the “Indenture”), among the Company, the Guarantors and Wilmington Trust, National Association, as trustee, for any and all of its outstanding 5.875% Senior Notes due 2023 (the “Old Notes,” and together with the related guarantees by the Guarantors, collectively, the “Old Securities”) pursuant to the registration statement on Form S-4 (the “Registration Statement”) filed by the Company with the Securities and Exchange Commission.
We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.
In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company and the Guarantors that we reviewed were and are accurate and (vi) all representations made by the Company and the Guarantors as to matters of fact in the documents that we reviewed were and are accurate.
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| SS&C Technologies Holdings, Inc. | | April 8, 2016 |
Based on the foregoing, and subject to the additional assumptions and qualifications set forth below, we are of the opinion that the New Securities, when the New Securities are executed, authenticated and delivered in exchange for the Old Securities in accordance with the terms of the Indenture and the Exchange Offer, will constitute valid and binding obligations of the Company and the Guarantors, as applicable, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability; provided that we express no opinion as to the (x) enforceability of any waiver of rights under any usury or stay law or (y) effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above.
In connection with the opinions expressed above, we have assumed that (i) the Registration Statement shall have been declared effective and such effectiveness shall not have been suspended; (ii) the Indenture and the New Securities are each valid, binding and enforceable agreements of each party thereto (other than as expressly covered above in respect of the Company and the Guarantors); (iii) there shall not have occurred any change in law affecting the validity or enforceability of any of the New Securities; (iv) Hub Data Incorporated has duly authorized, executed and delivered the Indenture under the laws of the Commonwealth of Massachusetts; and (v) SS&C Technologies Connecticut, LLC has duly authorized, executed and delivered the Indenture under the laws of the State of Connecticut.
We are members of the Bar of the State of New York and the foregoing opinion is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and further consent to the reference to our name under the caption “Validity of Securities” in the prospectus, which is a part of the Registration Statement. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933.
Very truly yours,
/s/ Davis Polk & Wardwell LLP
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