-Backed VENU+ Acquires Leading Experiential Photography Solutions Business NXT Capture

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.

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.”