National Post (Canada)
June 2, 2007 Saturday
National Edition

IN THE MONEY; PRIVATE EQUITY BUYOUT

[parts omitted]

VAHAN KOLOLIAN

Chairman and CEO, TerraNova Acquisition Corp., a private equity
investment company and new kid on the block

Claim to fame Specializes in turnaround management and industrial
investment. Recently merged with ClearPoint Resources Inc., a
work-force management company with annual revenues of $113-million.

Assets under management $200-million.

Bio Armenian descent. Born in Egypt, his family moved to Canada in
1962. Got a law degree and began his career in 1980 with Burns Fry
Ltd. (now BMO Nesbitt Burns), where he later became a partner and
director. Left traditional investment banking and in 1991 co-founded
Polar Capital Corp., a Toronto merchant banking firm, where he served
as president until March, 2000. Chairman and CEO of Precinda Corp., a
holding company. Founded TerraNova Acquisition Corp. in 2004.

After hours Is bankrolling Mosaic Institute, a specialty think tank
on ethnocultural conflicts. The institute is housed in Mr. Kololian’s
offices. Wife Susie is a co-founder of Variant Paths, a group that
organizes art events and tours for financial types. Personally
collects works of David Milne and Ed Burtynsky. Founding member of
Peace Action Network within the Young Presidents’ Organization.
Donation to University of Toronto for Armenian Studies.