On March 31, 2025, Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, has reinvested in Ceva Santé Animale, the fifth-largest global animal health and well-being company. This reinvestment underscores PSP’s continued commitment to the veterinary pharmaceutical sector, having first invested in Ceva in 2020. The investment supports Ceva’s growth trajectory and global innovation strategy. Although the transaction value was not publicly disclosed, Ceva’s strong financial performance—reaching over €1.7 billion (approx. CAD 2.5 billion) in 2024 revenue—positions it as a leading player in the sector.

Ceva, founded in 1999 and headquartered in France, is managed by a team of veterinarians focused on delivering innovative health solutions for animals worldwide. The company has demonstrated steady and profitable growth over the past 25 years, becoming a key player in the animal health industry.

Latham & Watkins advised PSP Investments on the reinvestment. Weil, Gotshal & Manges LLP advised Ceva Santé Animale.