Prism Support Investment Group Through 9th Acquisition
We are pleased to announce that the Prism team have supported rapidly growing investment company, Milbank Group, on its acquisition of Britain’s longest established, independent and family-owned wigmaker, Browns More Hair Now Ltd.
Milbank Group is a family-owned investment company with a diverse and rapidly growing portfolio of unique businesses. Their acquisitions are long-term investments with a strong focus on great customer service and a supportive and inclusive working environment for staff. They are also striving to improve their businesses’ environmental and community impact and hope to influence others in those sectors to do the same.
Browns More Hair Now Ltd (Browns) is Britain’s longest established, independent and family-owned wigmaker. Based in Devon, they have 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. They provide their wig service to NHS and private clients throughout the UK and Gibraltar.
Browns has become a sister company for existing Milbank Group business, Nicola Jane, who specialise in post-surgery bras, swimwear and breast forms. Their knowledge, experience and compassion complement each other, and both businesses will benefit from working collaboratively. This new partnership allows 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.
Prism Corporate Broking (Prism) have been helping people to buy and sell businesses for 20 years. They can advise clients throughout the entire sale or acquisition process, from pre-sale preparation and identification of targets to successful deal completion and beyond. Prism worked closely with Milbank Group supporting their acquisition team during negotiations and due diligence for this transaction.
Sean Milbank, Chairman of Milbank Group, says “Nicola Jane have collaborated with Browns for many years, and we are delighted to be able to bring the businesses together. Browns’ reputation for after-sales support and advice aligns well with the values of our other industry-leading businesses. Prism have now supported us through nine acquisitions over nine years, providing a consistently high quality of service and expertise. I look forward to continuing to work with them as we progress with our growth strategy.”
Peter Watson, Managing Director of Prism, says “I’m delighted to have helped add another excellent business to the Group. We are excited by the strong synergy that exists between Browns and Nicola Jane, and look forward to hearing about their future successes.”
In addition to Prism, the acquisition was also supported by Birketts Solicitors and Scrutton Bland (Tax Due Diligence) for Milbank Group.
Find out more about our business acquisition service here: www.prismcorporatebroking.com/buy-a-business
Book a 1-to-1 Chat to discuss your M&A plans here: www.prismcorporatebroking.com/1-to-1-chat