Phitek Systems Ltd, a global leader in the provision of IFE interconnect products based in New Zealand, has been sold to NYSE-listed Amphenol Corporation. Phitek holds a strong worldwide market position in both the premium and economy cabins and has successfully established itself as the leading innovator in the niche.

Seabury Capital’s Aerospace & Defense M&A advisory team, based in London, worked together with the capital solutions team at New Zealand-based ASB Bank, a subsidiary of the Commonwealth Bank of Australia, to advise and assist Phitek and its shareholders on its strategic options as well as the subsequent divestment process.