---
title: "TopCap GF ApS – CVR 44960893, financials and ownership"
description: "TopCap GF ApS (CVR 44960893). Active · Ikke-finansielle holdingselskaber · København K. Revenue 408M DKK (2026)."
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---

# TopCap GF ApS

TopCap GF ApS \(CVR 44960893\). Active · Ikke-finansielle holdingselskaber · København K. Revenue 408M DKK \(2026\).

CVR number: 44960893

## Company details

- **CVR number:** 44960893

- **Status:** Aktiv

- **Address:** Grønningen 25 st, 1270, København K

- **Legal form:** Anpartsselskab \(ApS\)

- **Founded:** Jul 10, 2024

- **Production units:** 1

## Activities and industry

- Ikke-finansielle holdingselskaber

- 642120 — Ikke-finansielle holdingselskaber

## Latest financial period

- **Reporting period:** 2025/26 \(1 May 2025 - 30 Apr 2026\)

- **Currency:** DKK

- **Revenue:** 407,970,000

- **Operating profit:** 25,016,000

- **Profit after tax:** 11,378,000

- **Assets:** 478,523,000

- **Equity:** 200,144,000

## People

| Person | Roles | Titles |
| --- | --- | --- |
| [Henrik Normann](https://datapublica.dk/en/people/pid_entity_4004129310-henrik-normann) | Management | DIREKTØR |
| [Louise In Birk Delfs](https://datapublica.dk/en/people/pid_entity_4009882904-louise-in-birk-delfs) | Management | DIREKTØR |
| [Ulrik Nicolai Jungersen](https://datapublica.dk/en/people/pid_entity_4004036112-ulrik-nicolai-jungersen) | Management | DIREKTØR |

## Auditor

| Audit firm | Auditor | Role | From |
| --- | --- | --- | --- |
| PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab | Jacob Dannefer | statsautoriseret revisor | Oct 7, 2026 |

## Legal owners

### Current

| Owner | Ownership | Voting rights | From |
| --- | --- | --- | --- |
| OwnerCapidea Kapital IV K/S | Ownership90–99.99 % | Voting rights90 % | FromJul 10, 2024 |

## Child companies

### Current

| Company | Ownership | Voting rights | From |
| --- | --- | --- | --- |
| CompanyMidCap GF ApS | Ownership33.33–49.99 % | Voting rights33.33 % | FromOct 30, 2026 |

### Previous

| Company | Ownership | Voting rights | From | To |
| --- | --- | --- | --- | --- |
| CompanyMidCap GF ApS | Ownership50–66.66 % | Voting rights50 % | FromSep 5, 2024 | ToOct 29, 2026 |
| CompanyMidCap GF ApS | Ownership100 % | Voting rights100 % | FromJul 12, 2024 | ToSep 4, 2024 |

## Ultimate owners
[View ownership diagram](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/portfolio)
| Name | Ownership through | Calculated ownership |
| --- | --- | --- |
| European Investment Fund | Capidea Kapital IV K/S | 13.5–19.99 % |
| NORDEA-FONDEN | Dansk Vækstkapital III K/S → Capidea Kapital IV K/S / Capidea Kapital IV K/S | 4.95–11.49 % |
| Velliv Foreningen F.M.B.A. | Velliv, Pension & Livsforsikring A/S → Capidea Kapital IV K/S | 4.5–9.99 % |
| Forenet Kredit f.m.b.a. | NYKREDIT A/S → NYKREDIT REALKREDIT A/S → Capidea Kapital IV K/S | 3–8.99 % |
| Danmarks Eksport- og Investeringsfond | Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | 2.25–5 % |
| Villum Fonden | VKR HOLDING A/S → Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | 0.3–1.35 % |
| PFA-FONDEN | PFA HOLDING A/S → PFA PENSION, FORSIKRINGSAKTIESELSKAB. → NYKREDIT A/S → NYKREDIT REALKREDIT A/S → Capidea Kapital IV K/S | 0.14–0.75 % |
| DANSK ARBEJDSGIVERFORENING | PFA HOLDING A/S → PFA PENSION, FORSIKRINGSAKTIESELSKAB. → NYKREDIT A/S → NYKREDIT REALKREDIT A/S → Capidea Kapital IV K/S | 0.04–0.23 % |
| Jens Villum Kann-Rasmussen | VKR HOLDING A/S → Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | 0.02–0.15 % |
| Mads Kann-Rasmussen | VKR HOLDING A/S → Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | 0.02–0.15 % |
| Søren Bjerre-Nielsen | VKR HOLDING A/S → Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | 0 % |
| A.P. MØLLER OG HUSTRU CHASTINE MC-KINNEY MØLLERS FOND TIL ALMENE FORMAAL | A.P. MØLLER HOLDING A/S → APMH INVEST A/S → DANSKE BANK A/S → DANSKE PRIVATE EQUITY A/S → Dansk Vækstkapital III GP ApS → Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | Unknown stake |
| BlackRock, Inc | DANSKE BANK A/S → DANSKE PRIVATE EQUITY A/S → Dansk Vækstkapital III GP ApS → Dansk Vækstkapital III K/S → Capidea Kapital IV K/S | Unknown stake |
| Carsten Yde Hemme | CYH3216 Holding ApS → Capidea Komplementar IV ApS → Capidea Kapital IV K/S | Unknown stake |
| Erik Balleby Jensen | SPRING ROAD ApS → Capidea Komplementar IV ApS → Capidea Kapital IV K/S | Unknown stake |
| Henrik Normann | PWH Invest ApS → Capidea Komplementar IV ApS → Capidea Kapital IV K/S | Unknown stake |
| Martin Jørgensen | ISJO ApS → Capidea Komplementar IV ApS → Capidea Kapital IV K/S | Unknown stake |
| Ulrik Nicolai Jungersen | BEACH HOLDING ApS → Capidea Komplementar IV ApS → Capidea Kapital IV K/S | Unknown stake |

## Indirectly owned companies

Calculated through shown level 2–3 paths
[View ownership diagram](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/portfolio)
| Name | Ownership through | Calculated ownership |
| --- | --- | --- |
| CapHold GF ApS | MidCap GF ApS | 33.33–49.99 % |
| GAVEFABRIKKEN A/S | MidCap GF ApS → CapHold GF ApS | 33.33–49.99 % |
| LION DANMARK I ApS | MidCap GF ApS → CapHold GF ApS | 33.33–49.99 % |

## Company pages

- [Overview](https://datapublica.dk/en/companies/44960893-topcap-gf-aps)

- [Financial report](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/financials)

- [Risk](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/risk)

- [Timeline](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/timeline)

- [Ownership and relations](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/portfolio)

- [Production units](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/production-units)

- [Gazelle](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/gazelle)

- [Investments](https://datapublica.dk/en/companies/44960893-topcap-gf-aps/investments)

## Official sources

- [Official CVR record on Virk](https://datacvr.virk.dk/enhed/virksomhed/44960893)
