When I try this
Simplify[(1-a)*(1/(1+x*m))^(1-a)(1+m)^(1-a) +
(1-a)*(x*m)^a*((x*m)/(1+x*m))^(1-a)*(1+m)^(1-a)]
the output is
$$\frac{(1-a) (1+m)^{1-a} \left(\left(\frac{1}{1+m x}\right)^{-a}+m x (m x)^a \left(\frac{m x}{1+m x}\right)^{-a}\right)}{1+m x}$$
But a little hand-done algebra shows this reduces to $(1-a) (1+m)^{1-a} (1+mx)^a$.
I tried FullSimplify but get the same results. Is there something I can do to get Mathematica find this simpler form?