java.lang.NoClassDefFoundError: org/hibernate/cache/CacheProvider

I just upgraded a Hibernate Spring Application from 3.6.10 to Hibernate 5.0.0.Final.
Getting following exception during startup.

Exception in thread "main" org.springframework.beans.factory.BeanCreationException: Error creating bean with name 'mySessionFactory' defined in URL [file:/Users/workspace/testapp/src/main/resources/spring-hibernate.xml]: Initialization of bean failed; nested exception is java.lang.NoClassDefFoundError: org/hibernate/cache/CacheProvider

at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.doCreateBean(AbstractAutowireCapableBeanFactory.java:532)

at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.createBean(AbstractAutowireCapableBeanFactory.java:461)

at org.springframework.beans.factory.support.AbstractBeanFactory$1.getObject(AbstractBeanFactory.java:295)

at org.springframework.beans.factory.support.DefaultSingletonBeanRegistry.getSingleton(DefaultSingletonBeanRegistry.java:223)

at org.springframework.beans.factory.support.AbstractBeanFactory.doGetBean(AbstractBeanFactory.java:292)

at org.springframework.beans.factory.support.AbstractBeanFactory.getBean(AbstractBeanFactory.java:194)

at org.springframework.beans.factory.support.DefaultListableBeanFactory.preInstantiateSingletons(DefaultListableBeanFactory.java:589)

at org.springframework.context.support.AbstractApplicationContext.finishBeanFactoryInitialization(AbstractApplicationContext.java:932)

at org.springframework.context.support.AbstractApplicationContext.refresh(AbstractApplicationContext.java:479)

at org.springframework.context.support.ClassPathXmlApplicationContext.<init>(ClassPathXmlApplicationContext.java:139)

at org.springframework.context.support.ClassPathXmlApplicationContext.<init>(ClassPathXmlApplicationContext.java:93)

at org.mg.service.SpringHibernateTest.main(SpringHibernateTest.java:33)

Caused by: java.lang.NoClassDefFoundError: org/hibernate/cache/CacheProvider

at java.lang.Class.getDeclaredMethods0(Native Method)

at java.lang.Class.privateGetDeclaredMethods(Class.java:2701)

at java.lang.Class.privateGetPublicMethods(Class.java:2902)

at java.lang.Class.getMethods(Class.java:1615)

at org.springframework.beans.ExtendedBeanInfoFactory.supports(ExtendedBeanInfoFactory.java:53)

at org.springframework.beans.ExtendedBeanInfoFactory.getBeanInfo(ExtendedBeanInfoFactory.java:44)

at org.springframework.beans.CachedIntrospectionResults.<init>(CachedIntrospectionResults.java:239)

at org.springframework.beans.CachedIntrospectionResults.forClass(CachedIntrospectionResults.java:155)

at org.springframework.beans.BeanWrapperImpl.getCachedIntrospectionResults(BeanWrapperImpl.java:323)

at org.springframework.beans.BeanWrapperImpl.getPropertyDescriptorInternal(BeanWrapperImpl.java:353)

at org.springframework.beans.BeanWrapperImpl.isWritableProperty(BeanWrapperImpl.java:429)

at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.applyPropertyValues(AbstractAutowireCapableBeanFactory.java:1393)

at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.populateBean(AbstractAutowireCapableBeanFactory.java:1132)

at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.doCreateBean(AbstractAutowireCapableBeanFactory.java:522)

... 11 more

Caused by: java.lang.ClassNotFoundException: org.hibernate.cache.CacheProvider

at java.net.URLClassLoader.findClass(URLClassLoader.java:381)

at java.lang.ClassLoader.loadClass(ClassLoader.java:424)

at sun.misc.Launcher$AppClassLoader.loadClass(Launcher.java:331)

at java.lang.ClassLoader.loadClass(ClassLoader.java:357)

... 25 more