Private investment firm moves for historic wig maker
Family-owned investment company Milbank Group has acquired one of the country’s oldest wigmakers.
The company has acquired Browns More Hair Now which is based in Devon.
Milbank Group is a family-owned business consisting of a portfolio of diverse and unique companies, growing rapidly through acquisition.
The businesses are generally leaders in their market for service and product quality, and the group strives to promote a supportive and inclusive working environment for their staff, whilst treating suppliers and partners with respect and fairness.
Acquisitions are viewed as long term, patient investments. Milbank Group is custodians of the businesses and works extensively to improve their environmental and community impact.
The aim is to not only improve their own environmental performance, but to also influence and inspire the markets their businesses operate in.
Browns is Britain’s longest established, independent, and family-owned wigmaker, with over 100 years of knowledge and understanding in making and fitting of wigs.
Browns ethos is centred around integrity and respect, being conscious of the sensitivity required when facilitating the ‘replacement’ of hair.
The firm provides wig services to private and NHS clients throughout the UK.
Browns are a sister company for existing Milbank Group company, Nicola Jane, which specialise in Post-Surgery Bras, Swimwear and Breast Forms.
This is an important next step in Browns history and will help tremendously with continuing the vision to help and support people with integrity and respect.
The new partnership will allow the group to improve its support offering across both businesses, adding value to all customers and increasing their potential to reach more people that need help across the country.
Claire-Marie Farrar and Melissa Muvuti, joint managing directors of Nicola Jane, will assume the management of Browns immediately while continuing their current responsibilities.
They said, “We have collaborated with Browns for many years and are excited to work with their talented team. Together, we aim to implement positive changes that will advance service levels, systems, and product ranges, all while maintaining our commitment to first-class service and sustainable alternatives. We look forward to applying 20 years of our knowledge from Nicola Jane to the business. Both companies will benefit and learn from each other through this partnership.”
With beneficial synergies between Browns and Nicola Jane, this acquisition further strengthens the product and service offering that both teams already offer across the country.
In addition to product alone, Brown’s reputation for after-sales support and advice aligns with the group vision of investing in and developing industry leading businesses.
As part of the Milbank Group, Browns join Milbank Concrete Products, Sui Generis International, Cadman Cranes, Silostop Agri, Orion Future Technology, Nicola Jane, Xanthos Digital, and Intershape.
The acquisition of Browns More Hair Now was led by Prism Corporate Broking, Birketts Solicitors, and Scrutton Bland LLP Accountants. Browns was advised by White Jackman Limited.
