ZCG-Backed VENU+ Acquires Leading Experiential Photography Solutions Business NXT Capture
30 Abril 2024 - 7:00AM
Business Wire
Strengthens VENU+’s Portfolio of Leading Guest
Solutions to Drive Continued Global Growth and Enhance Guest
Entertainment Experiences
VENU+ (or the “Company”), the leading global provider of guest
mobility, storage, and entertainment solutions for high-traffic
retail, leisure, and amusement venues, today announced it has
acquired NXT Capture, an experiential photography solutions
business operating in high-traffic tourist destinations. VENU+ is
backed by affiliates of Z Capital Partners, L.L.C., the private
equity fund management arm of Z Capital Group, L.L.C. (“ZCG”), a
leading privately held merchant bank. The financial terms of the
transaction were not disclosed.
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Founded in Orlando, Florida in 2016, NXT Capture provides photo
and video capture solutions and services to theme parks, aquariums,
and museums globally. The company’s solutions include amusement
ride photo and video, studio and walkabout photography, and
immersive media experiences. NXT Capture has won multiple awards
from the International Association of Amusement Parks and
Attractions (IAAPA) for its industry-leading technology.
NXT Capture’s solutions are highly complementary to VENU+’s
existing product portfolio for experience destinations. The
transaction presents a significant cross-selling opportunity to
grow NXT Capture’s photo and video capture solutions across the
Company’s global customer base. NXT Capture founder Brian Ramdat
will join VENU+ as Vice President of Technology to aid in product
development and integrate photo and video facial recognition
technology into other VENU+ products for increased guest
engagement.
“The addition of NXT Capture’s innovative photo and video
technology will further solidify VENU+’s industry leadership by
enhancing its product offerings across its global customer base,”
said James Zenni, Founder, President, and Chief Executive Officer
of ZCG. “Now, VENU+ is even more well positioned to deepen its
partnerships with premier entertainment destinations globally,
deliver greater excitement, engagement, and convenience to guests,
and drive continued growth.”
“Through this transaction, we see attractive opportunities to
introduce NXT Capture to both new and existing VENU+ customers as
part of VENU+ and further demonstrate our commitment to being at
the forefront of new technology in the entertainment industry,”
said Andrew Kindfuller, Chief Executive Officer of VENU+. “Our
comprehensive portfolio of outsourced solutions drives efficiency,
convenience, and revenue for our partner venues while creating
lasting memories for guests. We look forward to welcoming Brian and
his team to VENU+ and working together to meet our ambitious growth
and business goals.”
About VENU+
VENU+ is a leading global provider of managed guest solutions
for high-traffic retail, leisure, and entertainment venues
globally. VENU+ offers a wide range of services, including
entertainment and souvenir solutions, as well as leading mobility
and locker solutions. The company employs more than 650
professionals and operates in all 50 states and across 13 countries
and four continents. For additional information, please visit
www.VENUplus.com.
VENU+ is a portfolio company of Z Capital Partners, L.L.C., the
private equity fund management arm of Z Capital Group, L.L.C.
(“ZCG”). ZCG is a leading privately held merchant bank.
About ZCG
ZCG is a leading, privately held merchant bank comprised of
private markets asset management, business consulting services,
technology development and solutions.
ZCG’s investors are some of the largest and most sophisticated
global institutional investors including pension funds, endowments,
foundations, sovereign wealth funds, central banks, and insurance
companies.
For almost 30 years, ZCG Principals have invested tens of
billions in capital and have industry leading track records in
private equity and credit.
ZCG has a global team comprised of over 400 professionals. For
more information, please visit www.zcg.com.
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