I am not quite certain if this is feasible via \overbrace. I think \overbrace can only span things contained within the same math environment (at least I have not found any information indicating otherwise; but I have admittedly not had any personal experience with this particular command).
I have tried out an alternative approach, usint TikZ trees. The result looks as follows:

The code:
\documentclass[margin=3mm,tikz]{standalone}
\usetikzlibrary{decorations.pathreplacing}
\usetikzlibrary{positioning}
\begin{document}
\begin{tikzpicture}[
level distance=10mm,
level 1/.style={sibling distance=30mm},
level 2/.style={sibling distance=15mm},
]
% The main tree
\node (omega) {$\Omega$} [draw=white]
child {
node (w_m) {$\Omega_{m}$}
child {node (w_b) {$\Omega_{b}$}}
child {node (w_c) {$\Omega_{c}$}}
}
child {
node (w_r) {$\Omega_{r}$}
child {node (w_gamma) {$\Omega_{\gamma}$}}
child {node (w_nu) {$\Omega_{\nu}$}}
}
child {node (w_lambda) {$\Omega_{\Lambda}$}}
;
\begin{scope}[
every path/.append style={
decorate,decoration={brace,raise=2mm}}
]
\draw (w_m.north west) -- (w_lambda.north east);
\draw (w_b.north west) -- (w_c.north east);
\draw (w_gamma.north west) -- (w_nu.north east);
\end{scope}
% Text on left side is put in a tree as well, thus
% ensuring that the vertical spacing is identical to
% the actual tree.
\begin{scope}[
every node/.append style={
text width=50mm,
align=left,
draw=none
},
every child/.append style={draw=white},
]
\node[left=50mm of omega] (tot_matter) {Total Matter}
child {
node (d_eqs) {Different equations of state}
child {node (d_species) {Different species}}
}
;
\end{scope}
% Vertical separator line
\draw (tot_matter.north east) -- (d_species.south east);
\end{tikzpicture}
\end{document}
The placement in this example was done by hand, which is of course a bit crude, and could use some further optimization, but you get the idea.
Jake goes into a bit more detail on the brace decoration for TikZ in this answer: https://tex.stackexchange.com/a/34450/131649
You can also find more information on it in the PGF manual in Section 21 -- Making Trees Grow, on p.316ff:
http://mirrors.ctan.org/graphics/pgf/base/doc/pgfmanual.pdf
Of course, if there is an nice way to just do this via a tabular and some nicely-scaling braces, that would probably be easier. The nice thing about using TikZ for drawing trees is that they scale very easily. But not every situation needs that, admittedly.
Oh, and welcome to TeX.sx!