Como resolver "[PersistenceUnit: punit] Unable to build Hibernate SessionFactory"?

Amigos,

Estou voltando a mexer em um código antigo e estou com o seguinte erro quando vou iniciar a aplicação no Eclipse + Tomcat.

org.springframework.beans.factory.BeanCreationException: Error creating bean with name 'entityManagerFactory' defined in class path resource [spring/spring-framework-persistence.xml]: Invocation of init method failed; nested exception is javax.persistence.PersistenceException: [PersistenceUnit: punit] Unable to build Hibernate SessionFactory
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.initializeBean(AbstractAutowireCapableBeanFactory.java:1578) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.doCreateBean(AbstractAutowireCapableBeanFactory.java:545) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.createBean(AbstractAutowireCapableBeanFactory.java:482) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.beans.factory.support.AbstractBeanFactory$1.getObject(AbstractBeanFactory.java:306) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.beans.factory.support.DefaultSingletonBeanRegistry.getSingleton(DefaultSingletonBeanRegistry.java:230) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.beans.factory.support.AbstractBeanFactory.doGetBean(AbstractBeanFactory.java:302) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.beans.factory.support.AbstractBeanFactory.getBean(AbstractBeanFactory.java:197) ~[spring-beans-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.context.support.AbstractApplicationContext.getBean(AbstractApplicationContext.java:1054) ~[spring-context-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.context.support.AbstractApplicationContext.finishBeanFactoryInitialization(AbstractApplicationContext.java:829) ~[spring-context-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.context.support.AbstractApplicationContext.__refresh(AbstractApplicationContext.java:538) ~[spring-context-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.context.support.AbstractApplicationContext.refresh(AbstractApplicationContext.java) ~[spring-context-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.web.context.ContextLoader.configureAndRefreshWebApplicationContext(ContextLoader.java:446) ~[spring-web-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.web.context.ContextLoader.initWebApplicationContext(ContextLoader.java:328) ~[spring-web-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.springframework.web.context.ContextLoaderListener.contextInitialized(ContextLoaderListener.java:107) [spring-web-4.2.4.RELEASE.jar:4.2.4.RELEASE]
at org.apache.catalina.core.StandardContext.listenerStart(StandardContext.java:5077) [catalina.jar:7.0.67]
at org.apache.catalina.core.StandardContext.startInternal(StandardContext.java:5591) [catalina.jar:7.0.67]
at org.apache.catalina.util.LifecycleBase.start(LifecycleBase.java:150) [catalina.jar:7.0.67]
at org.apache.catalina.core.ContainerBase$StartChild.call(ContainerBase.java:1574) [catalina.jar:7.0.67]
at org.apache.catalina.core.ContainerBase$StartChild.call(ContainerBase.java:1564) [catalina.jar:7.0.67]
at java.util.concurrent.FutureTask.run(FutureTask.java:266) [na:1.8.0_66]
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1142) [na:1.8.0_66]
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:617) [na:1.8.0_66]
at java.lang.Thread.run(Thread.java:745) [na:1.8.0_66]

Meu META-INF/persistence.xml está definido como:
<?xml version="1.0" encoding="UTF-8"?>



E meu spring/spring-framework-persistence.xml é:

<?xml version="1.0" encoding="UTF-8"?>
<beans xmlns="http://www.springframework.org/schema/beans"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    xmlns:aop="http://www.springframework.org/schema/aop"
    xmlns:tx="http://www.springframework.org/schema/tx"
    xsi:schemaLocation="
    http://www.springframework.org/schema/beans http://www.springframework.org/schema/beans/spring-beans-4.2.xsd
    http://www.springframework.org/schema/tx http://www.springframework.org/schema/tx/spring-tx-4.2.xsd
    http://www.springframework.org/schema/aop http://www.springframework.org/schema/aop/spring-aop-4.2.xsd">

    <bean id="propertyConfigurer" class="org.springframework.beans.factory.config.PropertyPlaceholderConfigurer">
        <property name="locations" value="classpath:jdbc.properties" />	        	
    </bean>

    <bean id="dataSource" class="org.springframework.jdbc.datasource.DriverManagerDataSource">
        <property name="driverClassName" value="${jdbc.driverClassName}" />
        <property name="url" value="${jdbc.url}" />
        <property name="username" value="${jdbc.username}" />
        <property name="password" value="${jdbc.password}" />
    </bean>

	<bean id="entityManagerFactory" class="org.springframework.orm.jpa.LocalContainerEntityManagerFactoryBean">
		<property name="dataSource" ref="dataSource" />
		<property name="jpaVendorAdapter">
		    <bean class="org.springframework.orm.jpa.vendor.HibernateJpaVendorAdapter" />
		</property>
		<property name="jpaProperties">
		    <props>
				<prop key="hibernate.dialect">${hibernate.dialect}</prop>
				<prop key="hibernate.show_sql">${hibernate.show_sql}</prop>
				<prop key="hibernate.cglib.use_reflection_optimizer">${hibernate.cglib.use_reflection_optimizer}</prop>
				<prop key="hibernate.hbm2ddl.auto">${hibernate.hbm2ddl.auto}</prop>
		        <prop key="hibernate.cache.provider_class">${hibernate.cache.provider_class}</prop>
		        <prop key="hibernate.cache.use_query_cache">${hibernate.cache.use_query_cache}</prop>
		        <prop key="hibernate.ejb.naming_strategy">br.com.mentium.utils.hibernate.PrefixSuffixNamingStrategy</prop>
		    </props>
		</property>
	  </bean> 
   
    <bean class="org.springframework.orm.jpa.support.PersistenceAnnotationBeanPostProcessor" />

    <bean id="transactionManager" class="org.springframework.orm.jpa.JpaTransactionManager">
        <property name="entityManagerFactory" ref="entityManagerFactory" />
    </bean>

    <tx:annotation-driven transaction-manager="transactionManager" />

</beans>

Tenho um arquivo chamado jdbc.properties com as configurações da conexão.

#Development Enviromnent
jdbc.driverClassName=com.mysql.jdbc.Driver
jdbc.url=jdbc:mysql://localhost/hrm?autoReconnect=true&useUnicode=true&characterEncoding=utf8
jdbc.username=hrm
jdbc.password=hrmUser
hibernate.hbm2ddl.auto=update
#hibernate.hbm2ddl.auto=create-drop

#Shared properties
hibernate.dialect=org.hibernate.dialect.MySQL5InnoDBDialect
hibernate.show_sql=false
hibernate.cglib.use_reflection_optimizer=true
hibernate.cache.provider_class=org.hibernate.cache.EhCacheProvider
hibernate.cache.use_query_cache=true

O que eu não estou vendo aqui que está me dando esse problema?