The UK may soon face a wave of mergers and acquisitions (M&A) as the pound falls against the dollar, making British companies more attractive to foreign buyers. Bloomberg wrote about investors in different market sectors.

Thus, the world’s largest managing company in the sphere of alternative investments Blackstone Group Inc. and also hedge-fund Toscafund Asset Management LLP and strategists from Jefferies consider a burst of transactions activity in Great Britain possible against the background of the dollar rally and political uncertainty in the country, which makes British assets relatively cheap for buyers.

Looking at U.K. companies, “we’re generally seeing good cash flow, solid balance sheets and values 40 to 50 percent lower than a year ago,” said Toscafund HK Ltd. investment director Mark Tinker in an interview with Bloomberg.

British pound falls against euro companies are getting cheaper for dollar investors this year as the pound has fallen 17% against the U.S. national currency. This is mainly due to growing demand for the dollar amid an aggressive tightening of monetary policy by the U.S. Federal Reserve (Fed). Other negative factors for the British market are political and economic uncertainty, as well as rising inflation and an impending economic recession.

Blackstone Chief Operating Officer Jonathan Gray notes that political instability in the U.K. creates an investment opportunity for his company.

“Things may be tense in the near term, but as long-term investors, we prefer to look at these situations and think about investment opportunities,” he said.

Earlier we reported that Egypt may abandon its national currency peg to the dollar.