Market Chatter -- Corporate finance press digest

LONDON, March 27 (Reuters) - The following corporate finance-related stories were reported by media on Friday: * Increased regulation of hedge funds will force many out of business and shrink the size of the industry, Man Group (EMG.L) chief executive Peter Clarke said in the Financial Times. Clarke said Man Group was well placed to adapt to the new climate, but some others may not thrive.

* Springer Science and Business Media has been put up for sale by its private equity owners, Candover (CDI.L) and Cinven, the Guardian said. The newspaper says UBS (UBSN.VX)(UBS.N) and Goldman Sachs (GS.N) had been appointed to sound out potential bidders, who may pay up to 2 billion pounds ($2.9 billion) for the academic publisher.

* Yell Group (YELL.L) must refinance 3 billion pounds by 2011, reported the Financial Times, with the 4.3 billion pound debt load now weighing heavily on the company's share price.

* Spain's Sacyr Vallehermoso (SVO.MC) will use shares in its Vallehermoso property unit as collateral as part of an agreement with creditors to refinance a 5 billion euro ($6.8 billion) loan, Expansion reported, without naming sources. [nLR608361]

* Hundreds of Russian banks are likely to fail by the end of the year, the president of Alfa Bank told the Financial Times. Pyotr Aven said that bad loans in the Russian banking system could reach 20 percent of the total by the end of the 2009.

* The new owner of Waterford Wedgwood, U.S. private equity firm KPS Capital Partners, plans to invest 100 million euros ($135.7 million) in the business, the Daily Telegraph said.

* Polish lender BRE Bank BREP.WA expects at worst to break even this year, despite the economic crisis, chief executive Mariusz Grendowicz told daily Rzeczpospolita. Grendowicz added levels of credit risk are "a great unknown". [nLR573958]

(Compiled by Tom Freke; Editing by David Holmes) ($1=.6921 Pound) ($1=.7368 Euro)