The chief executive of debtor finance company Scottish Pacific, Peter Langham, expects a seamless transition as ownership of the company changes. Private equity investor Next Capital, which has bought Scottish Pacific from Lazard Australia Private equity, has endorsed the company's strategy.Last year, Scottish Pacific moved into the trade finance business, when it bought a Hong Kong business. Langham said: "We have an office in China and we are doing import finance."We provide a letter of credit or purchase the goods for our customer. The goods are converted into book debt and re-paid via debtor finance. It is a form of supply chain finance."Langham said the new business was giving Scottish Pacific access to a much wider market."Our early focus is China. Our team there can liaise with Chinese manufacturers. But we have clients dealing with other countries and we are looking at that [too]."Langham said Scottish Pacific would start offering export finance this year - funding overseas trade receivables.The recovery in the debtor finance market has been fairly modest since the financial crisis, but Langham said specialist providers were doing well."We have grown at more than 50 per cent a year over the past three years. There are a lot of businesses looking for alternatives to banks."