Reports suggest that Axcel, the Nordic private equity firm that has owned Capture One since 2019, is working to sell the photography software company via auction. In January, global credit intelligence and data firm, Octus’ Jihye Hwang and Leanna Reeves, reported that Axcel was proceeding with its auction sale of Capture One via Stifel, a global wealth management and investment banking company. This builds upon reporting a year ago from Kapwatch that likewise detailed Axcel’s intentions to sell Phase One. After Axcel bought Phase One, which included Capture One, in 2019, the private equity firm split the two businesses into separate entities. Per Kapwatch, Axcel plans to sell Phase One first, then Capture One, although officially neither business has been sold at the time of writing and the transaction order could change if the right buyer arrives. It is not difficult to see why Axcel may want to relieve itself of Phase One and Capture One.…