DLA Piper has advised catering and hospitality group DO & CO on the successful placement of a EUR 150 million corporate bond.

The deal was led by partner Christian Temmel, who acted as transaction counsel for the joint lead manager and the issuer.

The bond, with a maturity of seven years, was offered to private and institutional investors and placed in Austria and Germany.

"We are pleased that we were instructed to advise DO & CO on their very first bond issue," said Christian. "This successful transaction, which was oversubscribed several times, shows that companies with an excellent reputation and sustainable business can succeed on the capital market even at volatile times."