Victory Park Capital (VPC) has completed the sale of its portfolio company, Ascent Aviation Services Corp to LongueVue Capital Partners II, a New Orleans-based private equity firm. The terms of the transaction were not disclosed. VPC has held a stake in Ascent since December 2007, when it made a senior secured loan to its predecessor company. When the predecessor company filed for bankruptcy protection in January 2009, VPC provided a debtor-in-possession loan to finance the bankruptcy process, and subsequently purchased the assets in November 2009. VPC rebranded and repositioned the business, leading to a successful operational turnaround. The firm implemented

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