Variation of diamond (powder end particles), applied in abrasives, polishing agents, lubricants and on drilling & cutting tools/machinery.
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Myer will be Australia's largest IPO since drilling services company Boart Longyear Ltd in April 2007.
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He was in Limerick for a mayoral reception to mark his retirement as executive chairman of the Boart Longyear Group.
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Boart Longyear, one of the oldest manufacturing operations in the Shannon Free Zone, closed yesterday with the loss of 42 jobs.
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Boart will launch a buyback of up to $105 million of its senior secured notes as part of the deal.
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Boart Longyear, one of the first companies in the Shannon airport industrial estate, has announced its intention to close from November 2005.
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Lucrative asset sales, including a stock market float of mining services company Boart Longyear Ltd BLY.AX, mostly took place in the first half.
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Shares of Boart closed on Wednesday at A$0.15, having tumbled 65 percent in the past year, valuing the company at $60.7 million.
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-A termination payout to Boart Longyear chief executive Craig Kipp may come under scrutiny at the mining services firm's annual meeting this week.
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Boart said the new restructuring plan involved up to $225 million in new "covenant lite" term loans and up to $127 million in new equity.